Rouble firms past 52 against dollar for first time since May 2015

Tuesday June 28, 2022 17:17 [kek]

The rouble rallied past 52 against the dollar to a more than a seven-year high on Tuesday as capital controls and month-end taxes offset the negative impact of Western statements that Russia has defaulted on its international bonds.

The rouble became the world's best-performing currency this year, boosted by emergency measures that authorities have taken to shield Russia's financial system from western sanctions after Moscow sent tens of thousands of troops into Ukraine.

The rouble hit 50.6125 against the dollar in Moscow trade for the first time since late May 2015, and jumped to 54.40 against the euro, a level last seen in April 2015.

As of 1523 GMT, the rouble gained nearly 3% to 51.88 against the greenback and was at 54.71 against the euro, gaining more than 2.5% on the day .

full art @ https://www.kitco.com/news/2022-06-28/Rouble-firms-past-52-against-dollar-for-first-time-since-May-2015.html