Russian Ruble Weakens Against U.S. Dollar Following Alexei Navalny's Death

RTTNews | vor 557 Tagen
Russian Ruble Weakens Against U.S. Dollar Following Alexei Navalny's Death

(RTTNews) - The Russian ruble fell against the U.S. dollar on Friday, following the death of jailed opposition leader Alexei Navalny in an Arctic Circle jail.

The authorities said that Navalny had "felt unwell" after a walk and had "almost immediately lost consciousness."

The emergency doctors declared that the prisoner has died and the cause of death is being established.

Russia's central bank decision to leave the key interest rate unchanged also weighed on the currency.

The board of directors of Bank of Russia, headed by Elvira Nabiullina, decided to hold the key rate at 16.00 percent.

The Russian ruble touched 93.48 against the greenback, its lowest level since December 7. The currency is likely to face support around the 102.00 region, if it falls again.

read more
German GfK Consumer Confidence To Fall Further

German GfK Consumer Confidence To Fall Further

German consumer confidence is set to continue to fall in September as rising fear of job losses weighed on purchase decisions and damped hopes of robust economic recovery, a closely watched survey showed on Wednesday. The forward-looking consumer sentiment index fell to -23.6 in September from -21.7 in the previous month. The reading was forecast to drop moderately to -22.
RTTNews | vor 48 Minuten
Australian Dollar Rises On Strong Monthly CPI Data

Australian Dollar Rises On Strong Monthly CPI Data

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of Australia's consumer price inflation accelerating more than expected to a one-year high in July.
RTTNews | vor 1Std 40 Minuten
Australia Inflation Accelerates To 1-Year High

Australia Inflation Accelerates To 1-Year High

Australia's consumer price inflation accelerated more than expected to a one-year high in July, indicating a more gradual approach to monetary policy easing. The CPI indicator advanced 2.8 percent year-on-year in July, following June's 1.9 percent rise, the Australian Bureau of Statistics reported. This was the strongest since July 2024.
RTTNews | vor 3Std 20 Minuten