
The Russian ruble fell to a record low against the euro and a five-year low against the dollar on Wednesday amid fears of a Ukrainian default as the hryvnia collapsed. The euro surged to 49.46 rubles at around 0940 GMT,breaking the record set last week of 49.35 rubles. The dollar rose to 36.0015 rubles, its highest rate since March 2009. It was already approaching its 2009 record of 36.72 rubles. The ruble has lost more than eight percent against the euro since the start of the year, as investors are reluctant to put money into emerging economies and Russia's economic activity has slowed. Analysts at VTB Capital said that "tensions over Ukraine once again started weighing on the ruble." Standard & Poor's ratings agency last week lowered Ukraine's rating to CCC from CCC+, indicating that the country is close to default, while Russian banks are greatly exposed to the crisis-hit ex-Soviet country.
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor