Russian Ruble Strengthens To 10-day High Against U.S. Dollar
January 24 2016 - 9:18PM
RTTF2
The Russian Ruble advanced against the U.S. dollar in late Asian
deals on Monday, as oil prices rebounded from 12-year lows amid
expectations that central banks would inject more stimulus to prop
up growth.
Sentiment was buoyed on hopes that the European Central Bank,
the Bank of Japan and the Chinese central bank may expand stimulus
measures to bolster economic recovery.
The ruble appreciated to a 10-day high of 75.3550 against the
greenback, compared to last week's closing value of 77.7391. The
next possible resistance for the ruble may be located around the
74.00 zone.
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