Market Updates
Ruble Drops to a New Low and Traders Brace for More Losses
Lyubov Smirnova
13 Jan, 2015
New York City
-
Ruble in Moscow trading dropped to a new low and fell to 65.73 against the dollar and 77.50 against the euro. The fall in Russia
Ruble in Moscow trading dropped to a new low and fell to 65.73 against the dollar and 77.50 against the euro.
The fall in Russia’s ruble is linked to the sharp decline in oil prices in 2014 and the 20% drop so far in 2015.
Ruble may fall to 75 against the dollar if oil price continues to decline below $40 a barrel and central bank stays away from propping the currency. Central bank is likely to impose more stringent foreign exchange trading and capital transfer controls.
Russia’s economic contraction may deepen more than 5% estimated by the finance ministry.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|