- The Russian currency slid on Thursday as the willingness of the Russian government to defend the country’s currency was tested. The rouble slipped over 2% against the dollar. This counteracted its previous day’s gains, following the Central Bank of Russia’s decision to reduce the rate it charges lenders for dollars to ease a cash crunch exacerbated by US and European sanctions. Russian President Vladimir Putin has pledged that he will come down hard on speculators who are attacking the rouble in his annual address to Parliament.
- The New Zealand dollar fell to three-and-a-half-week lows against its US counterpart on Thursday as demand for the US currency continues to grow. However, it managed to hold steady against the Australian dollar.
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