Russian Ruble Hits More Than 3-month Low Against U.S. Dollar
June 20 2017 - 6:03AM
RTTF2
The Russian Ruble weakened against the U.S. dollar in early New
York deals on Tuesday, as oil prices tumbled on signs of growing
supplies from key producers namely Libya and Nigeria.
Rising crude production in the United States, Libya and Nigeria
are undermining OPEC's effort to shrink global supply glut.
The Russian Ruble dropped to 59.39 against the greenback, its
weakest since March 14. If the Ruble extends decline, 60.00 is
possibly seen as its next support level.
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