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Name | Symbol | Market | Type |
---|---|---|---|
US Dollar vs Russian Ruble | FX:USDRUB | Forex | Exchange Rate |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 93.17 | 92.27 | 94.07 | 0 | 01:00:00 |
The Russian ruble spiked up against the U.S. dollar in the European session on Monday, on higher oil prices following a historic deal by Russia and other non-OPEC members to cut output by 558,000 barrels per day.
Oil prices shot above $53 a barrel, after OPEC signed the historic production cut deal with non-OPEC members over the weekend to jointly reduce output to contain the supply glut and prop up markets. Those non-member cuts come on the heels of an OPEC decision on November 30 to slash member output by 1.2 million barrels a day.
The Russian ruble climbed to 60.95 against the greenback, its strongest since October 2015. If the ruble extends rise, 58.00 is possibly seen as its next resistance level.
1 Year US Dollar vs RUB Chart |
1 Month US Dollar vs RUB Chart |
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