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5/20, 10:03 AM (Source: TeleTrader)
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Ruble at four-year high against dollar

The United States dollar extended its losses against the Russian ruble on Friday, falling to the lowest level since April 2018, while the euro landed at its weakest point against Russia's currency since mid-2017.

The ruble is strengthening as the West has yet to agree on a full oil embargo against Russia, a major global energy producer and exporter, and after Russian Deputy Prime Minister Alexander Novak revealed yesterday that additional natural gas importers decided to comply with the Kremlin's new payment requests and expressed skepticism about European energy supplies if Brussels introduces a complete ban on Russian energy.

The dollar dropped 5.13% against the ruble, selling at 59.01724 at 4:07 am ET, while the euro decreased 5.20% compared to the Russian currency, changing hands for 62.28825.

Baha Breaking News (BBN) / MS