Russian Ruble Falls To 1-1/2-month Low Against U.S. Dollar
January 30 2015 - 4:47AM
RTTF2
The Russian ruble weakened against the U.S. dollar in the early
European session on Friday, ahead of the central bank's monetary
policy meeting due shortly.
The Russian central bank will announce its rate decision at 5:30
am ET. The bank is expected to retain its auction based repo rate
at 17 percent.
Against the greenback, the ruble fell to a 1-1/2-month low of
69.88 from an early high of 67.60. At yesterday's close, the ruble
was trading at 68.44 against the greenback.
If the ruble extends its downtrend, it is likely to find support
around the 78.75 area.
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