TokyoTokyo Mon - Fri 10:00-18:00 +81 (366) 701-751

Russian rouble up vs dollar, euro in light trade

Mount Equity Group Tokyo Japan > News > Markets > Russian rouble up vs dollar, euro in light trade

Jan 5 (Reuters) – The Russian rouble showed positive dynamics against the dollar and the euro amid a rebound in oil prices in thin holiday trading on Thursday.

At 0711 GMT the rouble gained 1.3% against the dollar to trade at 71.06 on the Moscow Exchange.

Against the euro, the rouble was up 0.85% to 75.50 .

Russian stock indexes were on the rise in early trade.

The dollar-denominated RTS index (.IRTS) was up 1.21% at 961.27 points. The rouble-based MOEX Russian index (.IMOEX) gained 0.04% to 2,169 points.

Oil prices rebounded on Thursday amid dollar weakness and as investors emerged to buy dips after two sessions of steep losses, though economic concerns capped recovery read more .

The rouble endured a volatile year in 2022, slumping to a record low 120 per dollar in March soon after Russia shook markets by sending tens of thousands of troops into Ukraine, but then recovered on the support of capital controls and a collapse in imports. …

Read more…