Étiquette : Russia

Edited by Matt Waller The Russian rouble is displaying cautious volatility as it inches downward ahead of a highly anticipated series of talks between U.S. and Russian officials. With the upcoming meeting scheduled in Riyadh on February 18, market participants are closely monitoring every tick in the currency’s value, as even modest fluctuations carry significant geopolitical and economic implications. A Modest Dip Amid Heightened Geopolitical Anticipation At 09.15 GMT on Monday, the rouble was trading at 91.40 per U.S. dollar—a 0.3% decline from earlier readings. This dip comes on the heels of what has been a remarkable rally for the rouble this year, as it has appreciated nearly 20% against the dollar. Despite today’s slight weakening, the current level remai...