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81%  
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Keyword: rubleinthejungle

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  • Russia's ruble drops to more than a 2-year low against the dollar on fresh sanctions and surging tensions

    11/25/2024 1:14:09 PM PST · by marcusmaximus · 34 replies
    Markets Insider ^ | 11/25/2024 | Jennifer Sor
    Russia's currency has dropped to its lowest level in more than two years against the dollar in the wake of new sanctions and soaring geopolitical tensions. Russia's ruble continued to weaken against the dollar on Monday, trading at 104 against the greenback. The currency is now at its weakest level versus the dollar since March 2022, when Russia first began its invasion of Ukraine. -snip- The ruble's decline was also fueled by Russia firing a new hypersonic missile in Ukraine on Thursday, a retaliatory measure after Ukraine fired US- and British-made missiles into Russia earlier in the week. Russia's new...