Arab Today, arab today business russian ruble continues slide vs dollar on lingering euro debt worries
Last Updated : GMT 10:46:21
Arab Today, arab today
Arab Today, arab today

Business Russian ruble continues slide vs dollar on lingering euro debt worries

Arab Today, arab today

Arab Today, arab today Business Russian ruble continues slide vs dollar on lingering euro debt worries

Moscow - Ria Novosti

The Russian ruble continued to slide against the U.S. dollar while Russian stocks were trading slightly higher on Wednesday amid investors’ lingering concerns of sovereign debt problems in the eurozone countries. The ruble is strengthening against the euro and falling against the U.S. dollar, reflecting trends on the global foreign exchange market where the single European currency fell to an 11-month low against the greenback on concerns that European leaders would be unable to resolve the eurozone debt crisis quickly and a warning by S&P to cut EU sovereign ratings in the coming days. “Last week, the agency warned that it intended to wait for the results of the EU summit and make corresponding conclusions for Europe’s prospects. However, the summit disappointed the markets as a whole and opinions in Europe continue to be split despite the adoption of some agreements while the short-term prospects of the European economies remain exposed to many risks,” Investcafe analyst Anna Bodrova said. As of 12:13 p.m. Moscow time (08:13 GMT), the ruble gained 35 kopecks against the euro to 41.3980 and fell by 12 kopeks against the dollar to 31.7665. The value of the bi-currency basket, comprising $0.55 and 0.45 euros fell by 7 kopecks to 36.0845. The euro was trading at 1.30 to the dollar on the MICEX. The MICEX index was up 1.75 percent to 1,388.95 while the RTS index gained 0.35 percent to 1,392.01. Moody’s Investors Service warned on Tuesday it might review the ratings of all European Union nations already in the first quarter of 2012 after last week’s summit failed to produce \"decisive policy measures.” \"Amid the increasing pressure on euro area authorities to act quickly to restore credit market confidence, the constraints they face are also rising. The longer that remains the case, the greater the risk of adverse economic conditions that would add to the already sizable challenges facing the authorities\' coordination and debt reduction efforts,\" Moody’s said in a statement.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today business russian ruble continues slide vs dollar on lingering euro debt worries Arab Today, arab today business russian ruble continues slide vs dollar on lingering euro debt worries

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today business russian ruble continues slide vs dollar on lingering euro debt worries Arab Today, arab today business russian ruble continues slide vs dollar on lingering euro debt worries

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday