Russia’s low electricity prices were a major factor in the enormous increase in demand for discounted ASIC Bitcoin mining equipment in Q4. However, there is still a bleak future for miners around the world. JUST IN: Demand for #Bitcoin mining ASIC has “skyrocketed” in Russia – Russian newspaper Kommersant 🇷🇺 — Bitcoin Magazine (@BitcoinMagazine) December […]
In anticipation of three OFZ treasury bond auctions by the finance ministry on Wednesday, the Russian ruble (RUB) gained momentum as the market anticipated details on an oil export price cap. Ruble On a Roll The ruble was trading at 62.37 against the euro (EUR) and was 0.3% stronger against the US dollar (USD) at […]
A day before the central bank is scheduled to convene to decide on interest rates, the Russian ruble (RUB) recorded some price gains in the early trading session on Thursday. In the mid-London session today, the ruble was up 0.4% against the dollar (USD) and was at 61.57 against the euro (EUR), both of which […]
As geopolitics continued to dominate Russian markets, the ruble (RUB) gained over 61.00 to the dollar (USD) on Friday, reaching a two-week high. This was aided by a positive month-end tax period. The ruble has reached its highest level since October 7 at 60.57 by 3:00 pm GMT, up about 1% against the dollar. It […]
The Russian ruble (RUB) was supported by month-end tax payments as Russian markets opened steadily on Tuesday, despite persistent investor worries about the prospect of more Western sanctions against Moscow. The RUB trades at the 61.95 mark, or -1.48% against the US dollar (USD) in the North American session on Tuesday. Against the euro (EUR), […]
The Russian ruble (RUB) fell past the 60 price point against the US dollar (USD) on Friday as previous supporting factors faded, while the Russian stock market climbed higher. The RUB lost the 60 mark, with the price approaching a 10-day peak near 61, although remaining within a sideways pattern through most of August. The […]
Russia has floated plans of buying the currencies of ally countries, such as China, India, and Turkey, to hold on to its National Wealth Fund (NWF), as an alternative to the US dollar and euros. The move comes after the country was sanctioned by the West for its invasion of Ukraine, according to the Bank […]
The Russian ruble slumped against the dollar in a volatile session on Thursday, with the USD/RUB tapping the 58.00 top. This comes ahead of the central bank of Russia’s interest rate decision on Friday. Forecasts expect the bank to bring its rates down by 50 basis points (bps) to 9%. As of the North American […]
The Russian Ruble traded on a stable momentum against the dollar in the London session on Thursday after recording erratic moves last week amid notable fluctuations in supply and demand on Moscow Exchange. At press time, the single currency had erased most of the daily losses against the dollar as the USD/RUB tapped a low […]
