+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The Russian ruble is getting smoked following report Flynn could turn on Trump

Dec 1, 2017, 23:17 IST

Markets Insider

Advertisement
  • The Russian ruble is getting smoked, down 1.06% at 59.1059 per dollar, following an ABC News report suggesting that Michael Flynn will testify that President Donald Trump told him to contact Russians. No other media outlet has confirmed the report.
  • The currency traded in a tight range near 58.50 over the past week or so as news flow surrounding the investigation hit a lull around the Thanksgiving holiday.
  • A move through the 61.00 area would have the currency at its weakest level since January.
  • Flynn, the former national security adviser, was charged Friday with one count of making false statements to federal investigators.
  • He pleaded guilty to the charge and is cooperating with the investigation.

NOW WATCH: A Fed mistake could hurtle the economy into recession

Next Article