MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Daily Fall in Oil Prices Weighs on Rouble

RUSSIA

The slide in oil prices on the day has weighed on the price of the Russian rouble, with the dollar, euro, and yuan making moderate gains on the day.

  • Interfax noted that the dollar was up 30 kopecks on the previous close to 93 roubles per dollar, the first time it hit such a level since March 25.
  • The Euro was up 21.5 kopecks to 100.82 roubles per Euro.
  • The centra bank also raised its official dollar rate for April 10 by 16.53 kopecks to 92.7463 roubles.
  • The rouble will be under some pressure during the day as global oil prices slide back, with Dated Brent now below $90/b.
  • The drive down in oil is the result in a slight easing of concerns via a via geopolitical tensions in the Middle East.
  • Iran’s Islamic Revolutionary Guard Corps naval forces said that Iran is choosing not to disrupt flows through the Strait of Hormuz in the Persian Gulf, a key choke point for 20% of global oil flows.
  • Nonetheless, prices remain highly sensitive to any headlines that could worsen or widen conflict in the region, such as the start of an Israeli operation in Rafah.
Energy BulletsEM BulletHomepageBulletEmerging Market NewsCommodities
Energy BulletsEM BulletHomepageBulletEmerging Market NewsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.