financetom
Market
financetom
/
Market
/
Russian rouble stays on stronger side of 100 to the US dollar
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russian rouble stays on stronger side of 100 to the US dollar
Jan 23, 2025 1:00 AM

MOSCOW, Jan 23 (Reuters) - The Russian rouble remained

on the stronger side of 100 to the dollar on Thursday but

stopped its three-day strengthening streak that followed the

inauguration of U.S. President Donald Trump.

The rouble had weakened by 0.4% to trade at 99.65 to

the dollar by 0820 GMT, over-the-counter market data showed. The

rouble was 0.4% weaker against China's yuan at 13.59 in trading

on the Moscow Stock Exchange (MOEX).

On Jan. 21, the rouble briefly hit its highest level against

the dollar since Nov. 6, 2024.

The rouble, supported my market optimism about easing of

Russia-U.S. tensions and by increased sales of forex by the

state, has been strengthening despite the latest U.S. sanctions,

that targeted Russia's energy sector.

"After a significant rollback of foreign currencies, the

pace of the rouble's strengthening may slow down. The potential

for the weakening of the dollar is already small," BCS brokerage

analysts said.

One-day dollar/rouble futures, which trade on MOEX and are a

guide for the over-the-counter exchange rate, were up 1.1% at

101.1, suggesting that the rouble could return to the weaker

side of the 100 level to the dollar in the coming days.

The Russian central bank set the official exchange rate at

98.28.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS SNAPSHOT-Wall Street opens flat to lower after hot economic data
US STOCKS SNAPSHOT-Wall Street opens flat to lower after hot economic data
Dec 12, 2024
Dec 12 (Reuters) - Wall Street's main indexes opened flat to lower on Thursday after the S&P 500 and the Nasdaq ended the previous session on a positive note, while investors parsed through hot economic data ahead of the Federal Reserve's meeting. The Dow Jones Industrial Average rose 20.1 points, or 0.05%, at the open to 44,168.66. The S&P 500...
Stifel expects S&P 500 to peak in early 2025 before falling
Stifel expects S&P 500 to peak in early 2025 before falling
Dec 12, 2024
(Reuters) - Stifel expects the S&P 500 index to peak in the first half of 2025, then fall 10% to 15% in the second half of the year, the brokerage said on Thursday citing concerns about slower economic growth and sticky inflation. The brokerage expects the U.S. stocks benchmark to drop to mid-5,000s late next year, a bearish view on...
US STOCKS-S&P, Nasdaq take breather as markets assess economic data
US STOCKS-S&P, Nasdaq take breather as markets assess economic data
Dec 12, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Adobe drops after forecasting 2025 revenue below estimates * Centene ( CNC ) rises after guiding 2025 profit above expectations * Indexes: Dow up 0.09%, S&P 500 down 0.26%, Nasdaq down 0.48% (Updates after markets open) By Purvi Agarwal...
Nasdaq Down 50 Points; US Initial Jobless Claims Rise
Nasdaq Down 50 Points; US Initial Jobless Claims Rise
Dec 12, 2024
U.S. stocks traded mostly lower this morning, with the Nasdaq Composite falling more than 50 points on Thursday. Following the market opening Thursday, the Dow traded down 0.01% to 44,142.13 while the NASDAQ fell 0.27% to 19,979.88. The S&P 500 also fell, dropping, 0.14% to 6,075.73. Check This Out: Jim Cramer Says ‘Keep Owning’ This Energy Stock, Abbott Laboratories ‘Legal...
Copyright 2023-2025 - www.financetom.com All Rights Reserved