Russian Ruble Recovers Slightly Against U.S. Dollar
December 19 2014 - 3:49AM
RTTF2
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.
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