Ruble – Page 8 – THE OVAL CIRCLE

Russia eliminating US dollar transactions in its foreign military deals – state arms exporter

Posted on July 25, 2021July 25, 2021By Editor

The US dollar’s share in Russia’s military contracts with other countries is approaching zero, according to the country’s main defense contractor Rosoboronexport. … Read More >Russia eliminating US dollar transactions in its foreign military deals – state arms exporter

Ruble strengthens to 11-month high as Russia squeezes out US dollar from its economy

Posted on June 17, 2021June 17, 2021By Editor

The Russian ruble has hit the strongest level against the US dollar since July 2020, as global crude oil prices are on the rise and the country continues to eliminate dollar holdings from its currency reserves. … Read More >Ruble strengthens to 11-month high as Russia squeezes out US dollar from its economy

Russian stock market shrugs off new US sanctions risks

Posted on April 18, 2021April 18, 2021By Editor

Key indices on the Moscow Exchange rebounded on Friday, just a day after the US unveiled new anti-Russian sanctions targeting the nation’s sovereign debt among other punitive measures. … Read More >Russian stock market shrugs off new US sanctions risks

Morgan Stanley shrugs off anti-Russian sanctions risks & bets on stronger ruble

Posted on February 8, 2021February 8, 2021By Editor

The Russian ruble has hit a two-week high against the US dollar and the euro, buoyed by rising oil prices and a positive outlook for the market, with Morgan Stanley expecting the currency to extend gains. … Read More >Morgan Stanley shrugs off anti-Russian sanctions risks & bets on stronger ruble

Russian ruble ranked world’s most undervalued currency against US dollar

Posted on January 14, 2021January 14, 2021By Editor

The Russian ruble has been ranked the world’s most underrated currency against the US dollar by the 2021 Big Mac Index, which provides an assessment of the purchasing power of currencies compared to each other. … Read More >Russian ruble ranked world’s most undervalued currency against US dollar

Russian stock market at all-time high as ruble shows stable growth

Posted on January 5, 2021By Editor

The Moscow stock exchange (MOEX) index reached a new all-time high on Monday, as Russia’s national currency, the ruble, opened the first trading day of 2021 with an upward move, triggered by rising oil prices. … Read More >Russian stock market at all-time high as ruble shows stable growth

Year of the ruble: Commodities to push Russian currency higher in 2021, Saxo Bank predicts

Posted on December 14, 2020December 14, 2020By Editor

The Russian ruble is currently “undervalued” and has the potential to strengthen by over 10 percent against the US dollar, according to the Chief Investment Officer of Saxo Bank Steen Jakobsen. … Read More >Year of the ruble: Commodities to push Russian currency higher in 2021, Saxo Bank predicts

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Every cloud? Trade minister Manturov says major collapse in value of ruble this year has been ‘awesome’ for Russian business

Posted on October 18, 2020October 18, 2020By Editor

With the value of his currency down over 20 percent since January, you’d have thought Russia’s trade minister would be worried. On the contrary, Denis Manturov has called it “awesome,” lauding its benefits for many businesses. … Read More >Every cloud? Trade minister Manturov says major collapse in value of ruble this year has been ‘awesome’ for Russian business

Russian ruble will recover despite current volatility, Kremlin says

Posted on September 30, 2020September 30, 2020By Editor

The ruble will undoubtedly rebound from recent losses as it has done before, Russian presidential spokesman Dmitry Peskov said after the currency touched multi-month lows on Tuesday. … Read More >Russian ruble will recover despite current volatility, Kremlin says

Russian ruble is one of the most attractive emerging market currencies in post-pandemic world – Goldman Sachs

Posted on September 28, 2020September 28, 2020By Editor

Goldman Sachs analysts have named the Russian ruble as one of their three top picks for emerging market currencies to back once the panic over the coronavirus pandemic eases. … Read More >Russian ruble is one of the most attractive emerging market currencies in post-pandemic world – Goldman Sachs