Russian Ruble At 1-year Low Against U.S. Dollar
December 29 2015 - 11:54PM
RTTF2
The Russian Ruble plunged against the U.S. dollar for the third
consecutive day on Wednesday, as oil prices were hammered over
persistent worries about slowing demand and high supplies.
Data from the American Petroleum Institute showed late Tuesday
that crude supplies may have risen almost 3 million barrels in the
week ended December 25.
The Russian Ruble slipped to 73.2306 against the greenback, its
lowest since December 15, 2014, when it hit a record low. This was
a 2.5 percent decline from yesterday's closing value of 71.4125.
The ruble is likely to find downside target around the 76.00
zone.
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