Latest news with #Alor
New Straits Times
20-05-2025
- Business
- New Straits Times
Russian rouble rises against US dollar after Trump-Putin call
MOSCOW: The Russian rouble strengthened to just above 80 against the US dollar on Tuesday, following a call between United States President Donald Trump and Russian President Vladimir Putin on ceasefire talks in Ukraine. By 0740 GMT, the rouble was up 0.5 per cent at 80.30 per US dollar, LSEG data based on over-the-counter quotes showed. The Russian currency has risen more than 40 per cent against the dollar this year. Most analysts view the rouble as overvalued and anticipate a correction following its rally since the start of the year. The rally has been mainly driven by expectations of a peace accord between Russia and Ukraine, as well as of improved relations with the United States. "No sanction threats from Donald Trump have been heard so far. This has led to the fact that there was no market correction," Alor brokerage analysts said in a research note. Against the Chinese yuan, which Russia's central bank uses for its foreign exchange interventions and is the most-traded foreign currency in Russia, the rouble was down 0.5 per cent at 11.13 per yuan on the Moscow Stock Exchange.
Zawya
20-02-2025
- Business
- Zawya
Russian rouble strengthens past 90 to the US dollar
The Russian rouble traded on the stronger side of the 90 mark against the U.S. dollar on Thursday following U.S. President Donald Trump's criticism of Ukrainian President Volodymyr Zelenskiy. At 1000 GMT, the rouble was up 1.1% at 88.70 against the dollar in the over-the-counter market, maintaining a break of the 90 level in a sustainable way for the first time since September. "More positive geopolitical news could push the rouble even higher," Alor brokerage analysts said in a research note. The rouble was also up 1.8% at 12.12 against China's yuan, the most traded foreign currency in Russia, in trade on the Moscow stock exchange. The Russian currency has gained almost 22% against the dollar this year, mostly on expectations of easing geopolitical tensions between Russia and the West. (Reporting by Gleb Bryanski; Editing by Kirsten Donovan)
