Russian Ruble Strengthens To 5-day High Against U.S. Dollar
16 Febrero 2020 - 11:59PM
RTTF2
The Russian Ruble drifted higher against the U.S. dollar in the
European session on Monday, as oil prices rose after China pledged
to support the economy hit by the coronavirus outbreak.
In a bid to improve liquidity in the system, China's central
bank conducted medium-term lending facility operations worth RMB200
billion and reverse repo operations amounted to RMB100 billion.
China's Finance Minister has unveiled plans to roll out targeted
and phased tax and fee cuts to help relieve difficulties for
businesses.
The Russian Ruble rose to a 5-day high of 63.21 versus the
greenback from Friday's closing value of 63.56. The ruble is poised
to challenge resistance around the 59.00 mark.
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