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Russian ruble jumps even as the US dollar slams other global currencies and Putin escalates the war on Ukraine

Business Insider LogoBusiness Insider2 mo ago

Russian ruble jumps even as the US dollar slams other global currencies and Putin escalates the war on Ukraine - Business Insider

Quick Summary:

Russia's native currency gained 4.5% against the dollar, hitting 56.7 and climbing to a high not seen since August 25.

Growing fears of recession also pushes investors to seek safe haven in dollar-denominated assets.

The ruble's performance was also the strongest gain against the euro since mid-July.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23 @ 13:52:46 (2 months ago)

News Timezone: GMT -5:00

Ranking: #2302 (out of 2531 stories this day)

News Source URL: markets.businessinsider.com

Language: English

Article Length: 230 words

Reading Time: 2 minutes read

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 494410

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About Business Insider

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Main Topics: Economy

Official Website: businessinsider.com

Update Frequency: 145 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #64

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  • URL: https://beamstart.com/news/russian-ruble-jumps-even-as-16639414846692

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