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The ruble is surging

Published 08/08/2016, 07:53 AM
Updated 08/08/2016, 08:39 AM
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The Russian ruble is surging as oil prices climb.

The currency is up 1.0% at 64.9088 per dollar as of 7:53 a.m. ET.

Meanwhile, Brent crude is trading up 1.8% at $45.05 a barrel.

Separately, all 18 analysts surveyed by Bloomberg agree that the Central Bank of Russia's decision to let the ruble free float is a long-term positive for the economy.

As for the rest of the world, here's the scoreboard as of 7:49 a.m. ET.

  • The Japanese yen is down 0.6% at 102.40 per dollar. Separately, Amazon (NASDAQ:AMZN) Japan's offices were raided on suspicion of antitrust practices.
  • The US dollar index is higher by 0.2% at 96.38 ahead of a quiet data day.
  • The Australian dollar is stronger by 0.3% at .7637 per dollar.

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