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Russian Ruble Gains Despite Interest Rate Cut

Russia’s central bank continued with its monetary easing, lowering interest rates today. But that did not prevent the Russian ruble from gaining on the US dollar, which was rather soft today due to unexpectedly weak nonfarm payrolls.

Russian Ruble Slumps on Weak Data, Geopolitical Risk

The Russian ruble is slumping midweek after a few pieces of economic data disappointed investors. This comes one day after the currency endured major swings on reports of a possible military fallout between the US, Russia, and the European Union following several events that appeared to be isolated from one another.

Ruble Gains vs. Dollar Despite Interest Rate Cut from Bank of Russia

The Russian ruble gained today versus the US dollar even after Russia’s central bank cut its key rate.

Russian Ruble Falls a Bit After Bank of Russia Policy Announcement

The Russian ruble fell a bit against the US dollar today after the Russian central bank kept its monetary policy unchanged but signaled that it may cut interest rates in the future.

Russian Ruble Falls After Interest Rate Cut

The Russian ruble fell versus the US dollar today after Russia’s central bank cut its main interest.

Russian Central Bank Continues Monetary Easing, Ruble Down

The Russian central bank made yet another interest rate cut today but warned that the pace of monetary policy easing may slow in the future. The Russian ruble fell after the central bank’s decision.

Bank of Russia Cuts Key Rate, Sending Ruble Down

The Russian ruble dropped today after the central bank made a decision to reduce its key rate as inflation pressure abated. The ruble was strengthening lately following the earlier plunge due to sanctions from the United States and the European Union.

Bank of Russia Makes Surprise Interest Rate Cut, Ruble Sinks

The Russian ruble plunged today after the Bank of Russia made a surprise decision to cut its key interest rate. The cut was rather significant though not as big as the interest rate hike in December.

Ruble Gains for Fifth Day

The Russian ruble gained today amid speculations that the government forced domestic exporters to sell foreign currencies. The ruble gained 15 percent over the last five trading sessions.

Ruble Gains with Support from Bank of Russia

The Russian ruble jumped as attempts of the Bank of Russia to stem the currency’s drop resulted in a success, at least for now. The central bank was selling dollar and pledged to help companies to meet their foreign-currency debt obligations.

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