Close Menu
The Politic ReviewThe Politic Review
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Trending

WATCH: Rep. Jasmine Crockett Says She “Never had a Concern About” Biden’s Mental Acuity, Says She’s Concerned About Trump’s Mental Acuity

July 11, 2025

Mahmoud Khalil Files $20 Million Complaint Against Trump Administration for ICE Detention

July 11, 2025

Livestock Trade with Mexico Halted over New World Screwworm Outbreak

July 11, 2025
Facebook X (Twitter) Instagram
  • Donald Trump
  • Kamala Harris
  • Elections 2024
  • Elon Musk
  • Israel War
  • Ukraine War
  • Policy
  • Immigration
Facebook X (Twitter) Instagram
The Politic ReviewThe Politic Review
Newsletter
Friday, July 11
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
The Politic ReviewThe Politic Review
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Home»Business»Ruble hits two-year high against dollar
Business

Ruble hits two-year high against dollar

Press RoomBy Press RoomJuly 10, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram

The Russian currency has also surged against the euro, boosted by government policy support

The Russian ruble surged to a two-year high against the US dollar on Thursday, buoyed by strong trade inflows and supportive government policies, according to analysts.

The ruble was trading below 75 to the dollar, marking its strongest level since 2023. The currency also strengthened to 86.5 against the euro, gaining more than 5%.

The rally caps two months of rising fortunes for the ruble, partly driven by optimism over peace talks on Ukraine. Two rounds of direct talks between Moscow and Kiev took place in Istanbul in mid-May and early June, but a third has yet to be scheduled.

Analysts say structural and seasonal factors also continue to support the Russian currency.

”Ruble strength is supported by high exports and a broad supply of foreign currency, alongside low imports and weak demand,” Mikhail Zeltser of BCS World of Investments told RBK on Thursday. “Funding rates for refinancing debt and foreign trade operations are also significant,” he said.

READ MORE:
Trump admits Ukraine conflict difficult to tackle

Government policy is playing a key role as well, according to experts. Exporters are now required to repatriate earnings for another year, and the Central Bank has raised summer limits for hard currency sales under the budget rule. Meanwhile, the US dollar remains under pressure globally, hovering near a three-year low amid persistent trade tensions.

PSB’s Denis Popov said the ruble has continued to climb despite rising geopolitical risks. He pointed to shifts in US foreign policy rhetoric under President Donald Trump as a contributing factor but noted that investors seem to be brushing off those concerns.

Analysts also cite increased foreign currency sales by major exporters in recent days, possibly linked to firms choosing not to use rubles for dividend payouts.

Alor Broker’s Igor Sokolov dismissed speculation of technical errors behind the ruble’s rapid rise. “This is part of a global shift,” he said, noting that “macroeconomic reasons (are) driving ruble appreciation.”

Some experts see room for further gains. Sokolov projected the ruble could strengthen toward 70 to the dollar, though he noted it may take time.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link

Related Articles

Business

Trump threatens Brazil with 50% tariffs over ‘witch-hunt’ trial

July 10, 2025
Business

Snoop Dogg drops music VIDEO about Telegram gifts

July 10, 2025
Business

Musk’s X CEO steps down

July 10, 2025
Business

Putin takes action against Apple

July 7, 2025
Business

Trump announces stinging tariffs on US allies in Asia

July 7, 2025
Business

National currencies free BRICS from Western pressure – Russian finance minister

July 7, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Mahmoud Khalil Files $20 Million Complaint Against Trump Administration for ICE Detention

July 11, 2025

Livestock Trade with Mexico Halted over New World Screwworm Outbreak

July 11, 2025

Von der Leyen survives EU no-confidence vote

July 11, 2025

Liberal Wingnut Kathy Griffin ONCE AGAIN Suggests Trump Did Not Win the 2024 Election Fair and Square (VIDEO)

July 11, 2025
Latest News

Netanyahu: TikTok Promotes ‘the Worst anti-American and anti-Israeli Propaganda’

July 11, 2025

Dem Rep. Ivey: We Could Drop Sanctuary Laws in Exchange for Avoiding Mass Raids, But ICE Should Get Warrants

July 11, 2025

Germany could develop nuclear weapons – IAEA

July 11, 2025

Subscribe to News

Get the latest politics news and updates directly to your inbox.

The Politic Review is your one-stop website for the latest politics news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram Pinterest YouTube
Latest Articles

WATCH: Rep. Jasmine Crockett Says She “Never had a Concern About” Biden’s Mental Acuity, Says She’s Concerned About Trump’s Mental Acuity

July 11, 2025

Mahmoud Khalil Files $20 Million Complaint Against Trump Administration for ICE Detention

July 11, 2025

Livestock Trade with Mexico Halted over New World Screwworm Outbreak

July 11, 2025

Subscribe to Updates

Get the latest politics news and updates directly to your inbox.

© 2025 Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.