USDRUB chart

USDRUB chart by TradingView


The US Dollar / Ruble is the most popular pair to trade the Russian currency. There is no official symbol for the Ruble. Russia is the R of the four BRIC emerging markets and the eighth largest economy of the world. Russia is the world's leading oil producer since 2011, and the Ruble is therefore exposed to changes in global energy prices. The Russian economy is both a high growth one and exposed to changes in the global financial markets, which is why it was hard hit by the crisis in 2008 and 2009.


Drop In Crude Prices To Keep Oil Producers’ Currencies Weak

The price of crude oil has stabilized in Europe early Thursday but its plunge Wednesday will keep the oil-based currencies under pressure for some time to come.
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