Open Demo Account
Home / Market Update / Forex Market / Russian Ruble Hits Record Lows

Russian Ruble Hits Record Lows

M. Ali 2 November, 2020 9:37 pm Forex Market, Market Update

The Russian Ruble (RUB) declined on Monday against the US Dollar (USD) and the Euro (EUR), on the back of falling oil prices, and rising uncertainty about the new wave of the COVID-19 pandemic and the US elections.

Year to date, the RUB has lost 23% against the USD and 26% against the Euro, according to Reuters.

The USD/RUB is up for the day by 1.36%, trading at 80.4840, its best level since late March.

Meanwhile, the EUR/RUB is up by 1.23%, trading at 93.6390, after recording 94.14 earlier today, reaching the lowest level for the Russian currency since December 2014.

Tags

Check Also

Sterling Rebounds Following Softer US PCE Data

The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends