This is a sample entry from Tom Dosdall’s newsletter, Technical Ag Knowledge, published on Monday, November 13, 2017. Good morning – The Russian Ruble is at its weakest against the USD since August, which is expected to help fuel the strong Black Sea wheat export pace again this week. The trend line in Soybeans may… Read more.
As stocks declined amid growing tensions between Russia and the Ukraine, the ruble dropped to a record low.
The monetary unit of Russia drove toward its top value in about 14 days on Monday, propelled higher by a brighter outlook about monetary policy in the U.S. and Europe driving up Russian assets’ allure, according to Bloomberg.
The Russian ruble – despite being one of the top-performing currencies thus far in May – is likely to lose value during the coming months, economists told Bloomberg.
The currency of Russia plunged to its lowest value in 21 days against the world’s reserve currency as the trade week began after deadly violence in Eastern Ukraine, endangering the likelihood of a peace agreement to settle the unrest between pro-Russian separatists and Ukraine security services, according to Bloomberg.