Quick Look: Geopolitical instability has depreciated the shekel and strained key industries like construction and air travel. Due to high government spending, inflation has reached the upper limit of the Bank of Israel’s 1%-3% target. With ongoing fiscal challenges, wartime expenditures have driven the budget deficit to 7% of GDP. The economy is moving toward …
Israel’s Economy Faces 2.8% Contraction Amid Rising Inflation Read More »
Emerging market currencies edged higher after a sharp drop in the dollar amid increased bets that the US Federal Reserve will immediately pause its aggressive monetary policy following the collapse of Silicon Valley Bank. MSCI’s gauge of emerging market currencies rose 0.6%, hitting a one-month high earlier in the day. The dollar index retreated sharply …
Emerging market currencies edge higher after SVB collapse Read More »
Due to the fact that revenues from oil and gas exports are heavily based on global benchmark prices traded in dollars, analysts predict that sales of foreign currencies will cause the Russian ruble to increase, further decreasing Russia’s ruble income. Russia’s efforts to plug its budget deficit by selling foreign currency reserves could create a …
The Ruble Has Dropped to An 8-Month Low The Russian ruble fell to an 8-month low against the dollar, weighed down by fears that sanctions on Russian oil and gas would limit export revenues. The ruble fell 0.9% against the dollar to 72.83, its lowest level since April 27. It fell 0.7% against the euro …
On Monday, the Russian ruble edged up against the dollar, gaining some ground after experiencing its biggest weekly decline since early July due to concerns about how sanctions on oil and gas would affect Russia’s export earnings. Following an oil embargo and price cap implementation, the ruble lost about 8% last week. It is currently …
The Dollar Falls as Markets Rebound The U.S. dollar fell on Monday as improved market sentiment lifted stocks and riskier currencies. At the same time, the yen rose on reports that Japan is considering revising a decade-old plan to combat deflation. After the U.S. Federal Reserve and the European Central Bank (ECB) raised interest rates …
The Russian rouble recovered some ground The Russian rouble reversed some of its Thursday declines to reach its lowest level against the dollar in more than five months as a result of renewed pressure from the West’s price cap on Russia’s oil exports. Before recovering, the rouble fell to 64.95 per dollar in morning trade …
The Russian ruble dropped to 63 per dollar on Monday as investors’ appetite for risk decreased due to concerns about the impending recession and pressures on global inflation. Investors were also anticipating the Bank of Russia’s rate-setting meeting. Markets are also expecting a flurry of additional interest rate decisions this week, including those from the …
In early trade on Tuesday, the Russian ruble hit a more than two-year high versus the euro before stabilizing at Monday’s close, in a week when tax payments are supporting the currency and investors anticipate a rate decrease on Friday. The ruble was trading at 76.90 against the euro at 0817 GMT, up 0.3 percent …
Here Is Why the Ruble Had Hit a Two-Year High Amid War Read More »
In early trade on Tuesday, the Russian ruble strengthened against the dollar. At the same time, OFZ government bond prices surged to their highest level since February 21, anticipating that the central bank would slash interest rates again shortly. The ruble was 0.6 percent firmer against the dollar at 79.30 GMT and 0.2 percent weaker …
The Russian Ruble Is Strengthening Against The Dollar Read More »
In early Moscow trade on Friday, the Russian ruble hit a five-week high against the dollar before settling in the 83-84 zone. In contrast, Russian equities rose as investors focused on developments in Ukraine and the ongoing gas payments problem. The ruble was 0.2 percent lower than the dollar at 83.37 (RUBUTSTN=MCX) at 1319 GMT; …
Russian Equities Rise, The Ruble Eases After Five-Week High Read More »
Brad Sherman will introduce a bill in parliament to stop U.S. businesses from conducting crypto transactions for Russian banks and individuals. Speaking to a congressional finance committee on Thursday at a hybrid labeling meeting; Sherman said he would submit a bill to Senator Elizabeth Warren; that would give the Biden administration explicit authority to require cryptocurrency exchanges …
US Lawmakers Demand to Cut Attach with Russian Wallets Read More »
Currency markets have not avoided the recent sharp losses and dramatic swings witnessed across other asset classes, and strategists are rethinking their strategies in light of Russia’s invasion of Ukraine. In the early phases of the Covid-19 epidemic, the Deutsche Bank Currency Volatility Index soared to near 10% in Europe on Tuesday morning, its highest …
Currencies Severely Impacted By The Russia-Ukraine Conflict Read More »
The Russian ruble plunged to a new low Thursday, after firing missiles at various Ukrainian cities, Russian forces dropped these bombs. On Thursday, the Russian ruble hit a new low against the Swiss franc. Moreover, the euro fell to a multi-year low against the Swiss franc. These drops were after Russian forces fired missiles …
The ruble falls to new lows as Russia attacks Ukraine Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRUB The Russian ruble will outperform the US dollar in the short term. The catalyst was the huge deficit in America’s oil stockpile last week. According to the American Petroleum Institute published on September …
Daily Market Charts and Analysis September 16, 2021 Read More »
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