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
  0.08 0.11% 76.07 76.055 76.085 76.4055 75.93 75.9898 0 10:41:11

Russian Ruble Weakens To 4-year Low Against U.S. Dollar

09/03/2020 7:27am


US Dollar vs RUB (FX:USDRUB)
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The Russian Ruble depreciated against the U.S. dollar in the European session on Monday, as oil prices collapsed after Russia rejected deeper oil production cuts proposed by Saudi Arabia at the talks in Vienna.

Saudi launched an all-out oil price war by cutting its official oil prices and pledging to ramp up production following the breakdown in talks between OPEC and Russia.

The spread of virus sparked fears over a worldwide recession.

The Russian Ruble fell to a 4-year low of 75.47 versus the greenback, compared to Friday's closing value of 68.55. Next key support for the Russian currency is seen around the 80.00 level.

1 Year US Dollar vs RUB Chart

1 Year US Dollar vs RUB Chart

1 Month US Dollar vs RUB Chart

1 Month US Dollar vs RUB Chart
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