Currency Note Worldwide

Good day for the Russian economy

By Michael Cooper May 26th, 2016

The Rouble improved emphatically yesterday as oil traded near the $50 a barrel and a rush of exporters swapping dollars for the local currency. This enabled the Russian currency to gain over 1% against sterling – and even more against most other currencies. It was not only economic factors that contributed to this move; after releasing the Ukrainian pilot Savchenko there is renewed hope that tensions with Russia in Europe could be quashed.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.