The oil, Russia’s main export earner, traded near a month’s high. The ruble rose for a fifth day in a row against the dollar. The ruble surged 0.5% to 31.1900 per dollar that comes to a gain of 2.2% in 5 days.
Russian Ruble
Crude oil for July delivery did high $77.19 a barrel (so far) in COMEX, as US equities gained and restored confidence that fuel demand will increase.
The contracts are a guide to currency movements as with the help of the contracts companies fix the exchange rate at a particular level in future.
The ruble also gained 0.3% to 38.3390 per euro.
The contracts are a guide to currency movements as with the help of the contracts companies fix the exchange rate at a particular level in future.
The ruble also gained 0.3% to 38.3390 per euro.
No comments:
Post a Comment