Ruble Suffers from Nervousness on FX Market

The Russian ruble was yet another looser today as traders are afraid that the US central bank will tamper its asset purchase program at its September meeting. Such fears made them unwilling to buy risky currencies.
The Federal Open Market Committee will release the minutes of its July meeting today. Nervousness on markets hurt assets that are considered to be risky, including crude oil. Brent crude fell 0.26 percent to $109.86 per barrel. Crude and natural gas are a source of about 50 percent of Russia’s export revenue.
USD/RUB rose from 32.9482 to 33.0960 as of 16:32 GMT today.

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