Russia's economic outlook appears somewhat mixed in the closing weeks of 2011 as GDP predictions show impressive improvements, but the global financial climate looks set to hold things back. Third quarter data from the Moscow-based Federal Statistics Service revealed that the economy grew at its fastest pace in more than a year, thanks largely to [...]

The Russian rouble has fallen to a low not seen in more than two-years, driven down by continued economic instability and the resignation of finance minister Alexei Kudrin. The official exchange rate fell to 32.46 roubles to the dollar, while the euro exchange also dipped slightly to reach 43.45 roubles. Kudrin's resignation this week (26 [...]

The Russian rouble hit a nine-month low against the US dollar yesterday (Monday, 19 September) as oil prices suffered. By midday, the currency was also struggling against the euro-dollar basket after weakening 1.7 per cent to 36.37, Reuters reported. In addition to weak oil prices, capital investment cap in slightly below analysts' forecasts, which may [...]

The rouble slid to its weakest level against the US dollar yesterday since the first trading day of the year. Data from Reuters revealed that the Russian currency stood at 30.31 versus the dollar at opening trade on Monday (12 September). By 06:09GMT, the rouble had dropped by a further 1.1 per cent to reach [...]

The rouble has weakened against the US dollar following the conflict in Libya between Muammar Gaddafi and the rebel forces. At the close of play in Moscow yesterday (22 August, 19:00 local time), the rouble has lost 0.2 per cent to the dollar after gains of 0.7 per cent in the preceding week. However, against [...]

The rouble gained some ground against the US dollar yesterday (1 August) due to improved risk appetite. News that the US managed to reach an 11th hour deal to raise the country’s debt ceiling and avert default buoyed investor appetite for commodity currencies on a global basis. The change in attitude marked the first improvement [...]

A recent survey has suggested that well-to-do Russians tend to look overseas when it comes to investment and wealth management. The research, which was conducted by UBS, showed that Russian business-owners are favouring European properties and the euro as they view them as safe havens. Indeed, the euro proved to be the most popular currency [...]

The Russian rouble is performing well on the foreign exchange markets, approaching a three-week high against the US dollar. This afternoon (4 July) the rouble maintained its drive against the dollar to push the dollar down to buying just 27.82 roubles at 16:20 BST. The last time the dollar dropped to this level was at [...]

The Russian rouble has witnessed some turbulence this week due to the fall in oil prices. A drop of 0.6 per cent was recorded against the dollar at opening on Monday 27 June, with concern regarding the financial situation in Greece adding to the oil issue. By the end of the day, the US dollar [...]

The rouble this morning climbed to a two-month high against the euro. Russian markets opened again today after a three-day weekend. Financial analysis shows that despite the gain on the euro, the rouble fell against the dollar, thanks to increasing risk aversion around the world. This risk aversion also affected the Russian stock market, with [...]