The ailing Iranian rial hit a record low versus the US dollar on Saturday due to the nation’s deepening isolation and the potential for European Union penalties against Tehran’s Revolutionary Guards or some of its members. As efforts to restart nuclear talks have stalled in recent months, relations between the EU and Tehran have deteriorated. […]
As the market adjusted to the possibility of weaker export revenues following sanctions on Russian oil, the ruble fell by almost 3% versus the dollar on Tuesday, failing to sustain a recovery from last week’s decline. Following the implementation of an oil embargo and price cap, the ruble lost roughly 8% versus the dollar last […]
On Wednesday, as concerns over sanctions on Russian oil and gas shook the market, the ruble (RUB) fell to its lowest point against the dollar since early May, passing the 70 mark. This brought the month’s losses to roughly 14%. After reaching 70.7550 earlier today, the ruble was down 2.5% versus the dollar as of […]
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 […]
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), […]
Last week, the European Union (EU) passed a wide variety of sanctions with the intention of putting more pressure on Russia’s administration, economy, and commerce. The ninth package of EU limitations forbade the provision of any cryptocurrency wallet, account, or custody services to Russian citizens or businesses in addition to other sanction measures. A number […]
