FOREX TradingCharts.com

Forex News: Russian Ruble Firms To Near 1-year High Against

Russian Ruble Firms To Near 1-year High Against U.S. Dollar After Russia Rate Hike

06/11/2021 - 08:25:00 (RTTNews)

(RTTNews) - The Russian Ruble drifted higher against the U.S. dollar in the European session on Friday, after Russia's central bank raised its key interest rate amid faster economic recovery and rising inflation.

The Board of Directors decided to increase the key rate to 5.50 percent from 5.00 percent, the Bank of Russia said in a statement.

The bank suggested that increased inflationary pressure together with recovery from the pandemic could lead to a more significant and prolonged upward deviation in inflation from the target. This creates the need for a further rate hike at the next meetings, the bank said.

The Russian Ruble climbed to 71.55 against the greenback, its highest level since July 2020. The pair had ended yesterday's deals at 72.07. Next key resistance for the Ruble is likely seen around the 70 level.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Loonie Little Changed Following Canada New Housing Price Index (27 min(s), 51 sec(s) ago)
(RTTNews) - Canada new housing price index for May has been released at 8.30 am ET Friday. The loo ...Full Story»

Loonie Mixed Ahead Of Canada New Housing Price Index (36 min(s), 51 sec(s) ago)
(RTTNews) - Canada new housing price index for May is due at 8.30 am ET Friday. Ahead of the data, ...Full Story»

Japanese Yen Appreciates On Continued Fed Tightening Concerns (01 hr(s), 45 min(s), 51 sec(s) ago)
(RTTNews) - The Japanese yen drifted higher against its major rivals during the European session o ...Full Story»

Pound Declines Amid Dismal U.K. Retail Sales Data (05 hr(s), 0 min(s),50 sec(s) ago)
(RTTNews) - The pound depreciated against its major counterparts in early European deals on Friday ...Full Story»

Australian Dollar Falls In Cautious Trade (06 hr(s), 03 min(s), 50 sec(s) ago)
(RTTNews) - The Australian dollar fell against its most major opponents in the Asian session on Fr ...Full Story»

Pound Mixed After U.K. Retail Sales (06 hr(s), 57 min(s), 51 sec(s) ago)
(RTTNews) - At 2.00 am ET Friday, the Office for National Statistics has released UK retail sales ...Full Story»

Euro Little Changed Following German PPI (06 hr(s), 57 min(s), 51 sec(s) ago)
(RTTNews) - Germany's producer price data has been released at 2.00 am ET Friday. The euro cha ...Full Story»

Euro Mixed Ahead Of German PPI (07 hr(s), 03 min(s), 51 sec(s) ago)
(RTTNews) - Germany's producer price data is due at 2.00 am ET Friday. Economists expect produ ...Full Story»

Search

FOREX NEWS

Loonie Little Changed Following Canada New Housing Price Index

06/18/2021 - 08:36 AM (RTTNews)
(RTTNews) - Canada new housing price index for May has been released at 8.30 am ET Friday. The loo ...Full Story>>

Loonie Mixed Ahead Of Canada New Housing Price Index

06/18/2021 - 08:28 AM (RTTNews)
(RTTNews) - Canada new housing price index for May is due at 8.30 am ET Friday. Ahead of the data, ...Full Story>>

Japanese Yen Appreciates On Continued Fed Tightening Concerns

06/18/2021 - 07:20 AM (RTTNews)
(RTTNews) - The Japanese yen drifted higher against its major rivals during the European session o ...Full Story>>

Pound Declines Amid Dismal U.K. Retail Sales Data

06/18/2021 - 04:04 AM (RTTNews)
(RTTNews) - The pound depreciated against its major counterparts in early European deals on Friday ...Full Story>>

Australian Dollar Falls In Cautious Trade

06/18/2021 - 03:02 AM (RTTNews)
(RTTNews) - The Australian dollar fell against its most major opponents in the Asian session on Fr ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.