Ruble plummets on Fed rate hike expectations
Currency has lost 30% of its value against the US dollar since April highs
Since the highs of April this year, the ruble has lost 30% of its value against the US dollar. During this past week alone the currency has dropped 10% as the debate about when the Federal Reserve plans to raise interest rates gears up a notch.
The falls aren't quite on the same scale as in 2013, when fears of an end to quantitative easing by the Fed significantly weakened emerging market currencies. From the highs of 2013 to the lows of 2014, the USD/RUB exchange rate saw a devaluation of more
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Central Banks
Central Bank of Ireland defends Israeli ‘war bond’ approval
Critics say bank is complicit in funding genocide, but governor says it is bound by law
Bank of Uganda says it was target of $15 million fraud
Central bank says $8.2 million now recovered, but denies staff were involved or that its IT systems were hacked
Moldovan central bank launches digital auto insurance certificate
National Bank of Moldova moves away from paper to encourage take-up and increase security levels
Lebanese authorities press criminal charges against Salameh
Former central bank governor faces investigation over alleged embezzlement
Clash between Yemen’s central banks escalates
Rival central banks issue retaliatory bans on transacting with financial institutions
US fiscal stimulus boosted vehicle price pressures – Fed research
Vehicle sales driven by consumer and small business stimulus, say Fed researchers