简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The Russian rouble rose on Thursday, heading towards its strongest levels since 2015 as it retained support from high commodity prices, while shares in Gazprom plummeted after the gas giant said it would not pay dividends.
Gazprom shares had fallen 22.7% to 230 roubles ($4.31) by 0754 GMT, minutes after the company said its shareholders had decided against distributing dividends on the 2021 results.
The rouble pared intraday gains after Gazproms move but was still up 0.8% at 52.80 to the dollar after nearing the 50 mark on Wednesday for the first time since May 2015.
Against the euro, the rouble rose 2% to 54.90, having climbed beyond 53 earlier this week for the first time since April 2015.
The rouble has become the world‘s best-performing currency https://fingfx.thomsonreuters.com/gfx/rngs/GLOBAL-CURRENCIES-PERFORMANCE/0100301V041/index.html this year, boosted by measures taken to shield Russia’s financial system from Western sanctions imposed after Moscow sent troops into Ukraine on Feb. 24. The measures have included restrictions on Russian households withdrawing foreign currency savings.
The strong rouble has raised concerns among officials and export-focused companies, because it dents Russias income from selling commodities and other goods abroad for dollars and euros.
On Wednesday, Finance Minister Anton Siluanov said Russia could cut state spending and channel funds for foreign currency interventions to keep a lid on the roubles strengthening, which threatens budget revenue.
The central bank could also ease upside pressure on the rouble by cutting interest rates as inflation slows and the economy needs cheaper lending. The central bank will next meet on interest rates on July 25.
Russian stock indexes were down. The dollar-denominated RTS index fell 4.9% to 1,345.1 points, dragged lower by Gazprom. The rouble-based MOEX Russian index was 5.5% lower at 2,251.0 points.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
FXOpen adds EUR/ZAR and USD/ZAR pairs for high-volatility forex trading, giving traders access to South African markets on the MT4, MT5, TickTrader, and TradingView platforms.
The UK regulator, the Financial Conduct Authority (FCA), issued a warning against an unauthorized broker named OCTAL TRADE PRO. The FCA declared that the entity may offer or promote financial services or products without its license. The authority shared all the relevant details about this fake firm.
The Association of Tennis Professionals (ATP), a tennis group, recently announced a collaboration with OFX to boost financial services.
Learn how Nonfarm Payrolls (NFP) reports impact Forex market movements, USD currency trends, and Federal Reserve interest rates, which are crucial for traders and financial analysts globally.