Russian Ruble Declines To 6-day Low Against U.S. Dollar
January 06 2016 - 2:52AM
RTTF2
The Russian ruble moved down against the U.S. dollar in European
deals on Wednesday, as oil prices hit an 11-year low amid a
stronger dollar and on weak Chinese services PMI data.
Business activity in China's services sector expanded at its
slowest pace in 17 months in December, a closely-watched private
survey showed today, fanning concerns over China's slowing
growth.
The Russian ruble slid to 74.40 against the greenback, its
lowest since December 31, 2015. If the Russian currency slides
further, 76.00 is possibly seen as its next downside target level.
The pair ended Tuesday's trading at 72.87.
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