Russian rouble down to 61.2 vs dollar after Putin announces partial mobilisation

LONDON, Sept 21 (Reuters) - The Russian rouble fell 1% to 61.2 versus the U.S. dollar on Wednesday after Russian President Vladimir Putin announced a partial mobilisation in a speech on state television. Reporting by Reuters, Editing by Louise Heavens

Kazakh tenge under pressure as state spending fuels imports - banker

ALMATY, Sept 6 (Reuters) - Kazakhstan's tenge currency, which could have benefited from the surge in the Russian rouble this year, is under pressure due to increased government spending which is sucking in imports, a senior Kazakh banker said. The tenge's KZT= historical average versus the rouble RUB= , is about 5 per rouble, but it is now trading at about 7.8 tenge per rouble, significantly below that average.

Russia considers proposal to buy up to $16 bln of yuan for state coffers in 2022

* Practical to buy up to $3-4 bn in yuan a month -paper * Russian coffers bolstered by oil revenue surge * Dollar, euro considered 'toxic' after Russian asset freeze * Alternative reserve currencies are riskier, less liquid * This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine By Darya Korsunskaya and Andrey Ostroukh MOSCOW, Sept 5 (Reuters) - Russia's government is considering a proposal which says Moscow could buy $3-4 billion worth of

Stocks hit 3-week lows; S.African rand cuts losses after inflation data

* S.African inflation rises more than expected * Other EM FX down as dollar finds footing * Mainland China stocks, yuan slump amid growth worries * Romanian leu slides 0.7% By Susan Mathew Aug 24 (Reuters) - Emerging market stocks hit three-week lows on Wednesday as worries about recession and U.S. monetary policy tightening weighed, while South Africa's rand moved off session lows after a faster-than-expected rise in inflation.

Meltdown averted but six months on, Russians face economic pain

* Russia's 2022 economic forecasts better than thought * GDP on track to fall 4.2% in 2022 -economy ministry * Current account surplus reaches record high * But price growth often exceeds official inflation * Rouble firms but living standards decline * This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine By Andrey Ostroukh MOSCOW, Aug 23 (Reuters) - Russia's economy has avoided the meltdown many predicted after Moscow sent its forces into


Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.