Russian Ruble Climbs To More Than 2-week High Against U.S. Dollar
February 08 2021 - 2:36AM
RTTF2
The Russian Ruble firmed against the U.S. dollar in the European
session on Monday, as oil prices broke $60 a barrel amid the U.S.
stimulus optimism.
Global markets rallied as the progress in vaccine rollouts and
the U.S. stimulus plan revived hopes of a faster economic
recovery.
As global supplies tighten and the demand outlook improves with
the rollout of vaccines, analysts expect to see further upside in
oil prices.
The Russian Ruble appreciated to more than a 2-week high of
74.15 against the greenback from Friday's closing value of 74.61.
If the Russian currency rises further, 72.00 is possibly seen as
its next resistance level.
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