Russian Ruble Recovers Slightly Against U.S. Dollar

03:49, 19th December 2014

(RTTNews) - The Russian ruble recovered from its early low against the U.S. dollar in the early Eurpean session on Friday amid supportive remarks by Russian Finance Minister Anton Siluanov and a slight rise in oil prices.

Russian Finance Minister Anton Siluanov said today that the currency would rebound at the beginning of next year. The ministry had been selling foreign currency and it could buy some for its own purposes at the beginning of 2015, he added.

Against the greenback, the ruble recovered to 58.9120 from an early 2-day low of 64.7340. At yesterday's close, the ruble was trading at 60.5970 against the greenback.

If the ruble extends its uptrend, it is likely to find support around the 54.00 area.