US Dollar/Russian Ruble (USD/RUB) Exchange Rate
USD/RUB Pivot Points
USD/RUB Advanced Live Chart
USD/RUB Latest Updates
Russia is forecast to contract by 6.0% in 2020 due to the Covid-19 pandemic, the worst decline since 2009.
Russia’s economy is forecast to contract by as much as 6.0% in 2020 due to the global Covid-19 pandemic and subsequent nationwide lockdown.
Russian President Putin ordered his government to implement a swift economic recovery plan, which includes RUB5 trillion in emergency spending until the end of 2021.
Last Friday’s US NFP report showed over 2.5 million job additions. It surprised markets and shocked economists who were, on average, predicting 8.0 million job losses.
The US dollar has fallen again during the trading session on Tuesday against the Russian ruble, as we are breaking below the 74 level.
During the trading session on Thursday, the US dollar dropped below the 75 ruble level during trading, but also found enough support underneath
The US dollar to pull back just a bit against the Russian ruble during trading on Thursday, as oil markets got a bit of a reprieve.
As all eyes turn and focus on the upcoming XXII Winter Olympic Games about to open in Sochi, Russia, it seems appropriate for a topical take on how the Russian Ruble fits into the Forex world.