The Russian ruble fell today, before rebounding later, as prices for crude oil, the chief export of the country, declined, resulting in a drop of the trade balance surplus.
Crude oil prices fell 0.2 percent to $96.86 per barrel in New York today, heading for a second weekly drop. The prices were under pressure from swelling US stockpiles and the European credit crisis. Russia’s trade surplus shrank to $19.4 billion in March from $20.3 billion in February. Analysts predict that the ruble is likely to fall against the dollar next week.
USD/RUB climbed from 30.1350 to 30.2430 before retreating to 30.1420 as of 18:12 GMT today.
If you have any questions, comments or opinions regarding the Russian Ruble, feel free to post them using the commentary form below.
I wanted to leave a little comment to support you and wish you a good continuation. Wishing you the best of luck for all your blogging efforts. cannabidiol
ReplyDeleteThis is my first visit to your web journal! We are a group of volunteers and new activities in the same specialty. Website gave us helpful data to work. best CBD products
ReplyDeleteIt is responsible for the "pain-killing" effect of aspirin, but without the harmful side effects. The compound is taken from plant sources, including the leaves, stems, bark, flowers, and fruits of the palm tree. Delta 8 Gummies Peaches Rings 250MG
ReplyDelete