The Russian ruble gained today as crude oil, the major Russia’s export, headed to a weekly gain amid increasing willingness of traders to buy riskier assets.
Crude advanced 0.6 percent to $92.60 per barrel in New York today. The gains of oil followed yesterday’s positive macroeconomic data from the United States, including falling unemployment claims. Crude oil and gas makes up about 50 percent of Russia’s export revenue.
USD/RUB went down 31.0395 to 30.9880 as of 12:22 GMT today, falling from the daily high of 31.2025.
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