Russian Ruble Trades At 13-month Low Against U.S. Dollar
January 11 2016 - 12:49AM
RTTF2
The Russian Ruble traded lower against the U.S. dollar on
Monday, as oil prices continued their sell-off amid worries over
slowdown in China and its impact on global economy.
Data released over the weekend showed that China factory gate
prices fell for the 46th consecutive month in December.
The data deepened fears about deflationary risks in the economy,
which could have spill-over effects across the global economy.
The Russian Ruble slid to 76.70 against the greenback, its
weakest since December 2014, when it hit a new record low. This is
down by almost 4 percent from last week's closing value of
73.95.
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