Russian Ruble Falls To Near 4-month Low Against U.S. Dollar
December 13 2015 - 10:56PM
RTTF2
The Russian ruble drifted lower against the U.S. dollar on
Monday, as oil prices continued free fall, and as European Union
said it would extend sanctions against Russia, when it term expires
on January 31, 2016.
Crude oil futures dropped for the seventh straight session, as
output in the Middle East continued to rise and the International
Energy Agency warned that the global supply glut would continue
into the New Year.
European Union foreign policy chief Federica Mogherini indicated
that the bloc is set to extend sanctions against Russia, as the
Minsk accords are not implemented till now.
The ruble fell to near a 4-month low of 71.315 against the
greenback, compared to Friday's closing value of 69.5769. The next
possible downside for the ruble is seen around the 74.00 zone.
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