NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Forex - Dollar rises to six-week highs against Russian rouble

Published 07/17/2014, 08:12 AM
Rouble sharply lower amid selloff in Russian markets
EUR/RUB
-
USD/RUB
-
JPY/RUB
-
IMOEX
-
ROSNqa
-

Investing.com - The dollar rose to its highest level in six-weeks against the Russian rouble on Thursday as Russia reacted angrily to a new swathe of Western sanctions against Moscow for supporting Ukrainian separatists.

USD/RUB was up 1.34% to 34.99, the highest since June 4, from 34.65 late Wednesday.

President Barack Obama announced the latest round of sanctions late Wednesday, which include penalties against Russian financial and energy firms, including Rosneft (MCX:ROSN), major banks and defense firms.

Russian financial markets were hit by a selloff on Thursday, with the MICEX down 2.23% amid fears that the new restrictions will act as a drag on the local economy.

Russian Prime Minister Dmitry Medvedev warned that "reciprocal measures against foreign companies and individuals" could be introduced, adding that the new sanctions will fuel anti-Western feeling in Russia.

Elsewhere, the rouble fell sharply against the euro and the yen, with EUR/RUB advancing 1.38% to 47.31 and JPY/RUB adding 1.50% to trade at 0.3447.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.