dollar

EU launches new offensive against US dollar supremacy

On the eve of Joe Biden’s inauguration as US president, the European Commission will launch a new offensive to promote the use of the EU’s single currency on a global level, aiming to address the vulnerabilities of financial …

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Russia firms on hopes of oil cuts

Russia’s rouble firmed for the first time in five days on Monday as oil prices jumped on hopes of prolonged cuts in output, while emerging market stocks jumped to a more than two-year high on signs the economic rebound in China was gaining momentum

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China and Russia to create financial alliance?

Russia and China have reduced the use of the dollar in bilateral transactions by almost half, and in the future, this may result in the creation of a "financial alliance",   Japanese Nikkei Asian Review reports. According …

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Sberbank SEO expects ruble to strengthen at year end

Chief executive of Russia’s Sberbank German Gref said that the Russian ruble may strengthen at  60-62 rubles per dollar at year end. According to him, Russia's national currency is closely related to oil prices, but they …

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Dollar drops below 70 rubles

The dollar exchange rate declined below 70 rubles for the first time since March 6 during the today's trading on the Moscow stock exchange. As of 11:59 Moscow time, the dollar lost 0.50 rubles and was worth 69.64 rubles, while …

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Russia's foreign debt shrinks as rouble weakens

Russia’s total external debt shrank in the first quarter to its lowest level since 2009, the central bank said, posing few extra risks for the already battered rouble and helping Russia withstand coronavirus-related shocks. …

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Dollar exchange rate exceeds 80 rubles

The Russian ruble weakened against the dollar this morning, trading more than 80 per dollar, according to data from the Moscow Exchange. The Russian currency stood at 80.85 against the U.S. dollar, a 2.6% increase, as of 10:00 …

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Dollar exchange rate exceeds 80 rubles

The Russian ruble weakened against the dollar this morning, trading more than 81 per dollar, according to data from the Moscow Exchange. The Russian currency stood at 80.79 against the U.S. dollar, 1.2% weaker than at the end of last …

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Russian ruble hits 5-year low

The Russian economy has been rocked by the coronavirus outbreak, and the breakdown of the OPEC+ oil production pact between Russia and Saudi Arabia. The turmoil has shocked traders around the world and resulted in sharp volatility on the …

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Dollar exchange rate exceeds 79 rubles

The Russian ruble weakened against the dollar this morning, trading more than 79 per dollar, according to data from the Moscow Exchange. The dollar exchange rate has exceeded the 79 ruble mark for the first time since February …

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Dollar rises above 75 rubles

The dollar rose by 3% during the trading session on the Moscow Exchange today to 75.16 rubles, according to trading data. The dollar rate was at the level of 75 rubles last time on February 29, 2016. The euro added …

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Dollar exchange rate exceeds 72 rubles on Moscow Exchange

The dollar exchange rate gained 6.4% since its previous closure on the Moscow Exchange as Tuesday trading opened to 72.99 rubles, exceeding the 72 rubles mark for the first time since March 2016, according to the trading data as of 10:00 am …

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