The Russian ruble is tumbling
Advertisement
The Russian ruble is weaker on Monday.
Advertisement
The petro-currency was down by 0.9% at 58.2712 per dollar at 7:58 a.m. ET.
Earlier in the day, oil was under pressure.
Prices fell before bouncing back, weighed down by high supplies despite the initiative by major producers to cut output in an effort to tighten the market.
As for the rest of the world, here's the scoreboard as of 7:59 a.m. ET:
Advertisement
- The euro is little changed at 1.1192 against the dollar. Earlier in France, President Emmanuel Macron's party won a clear parliamentary majority. The BBC reports that with nearly all votes counted, his La République en Marche, alongside its MoDem allies, won more than 300 seats in the 577-seat National Assembly.
- The British pound is little changed at 1.2791 against the dollar as Brexit negotiations officially begin. David Davis, the UK's Brexit minister, on Monday is set to meet with the European Union's chief negotiator, Michel Barnier, in Brussels for the first day of what he described as "historic" talks to set Britain on the road to leaving the EU. According to polls, the majority support a softer Brexit.
- The US dollar index is little changed at 97.13 ahead of a quiet day.
- The Australian dollar is down by 0.2% at .7609 per dollar.
Advertisement
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Eat Well, live well: 10 Potassium-rich foods to maintain healthy blood pressure
- Bitcoin scam case: ED attaches assets worth over Rs 97 cr of Raj Kundra, Shilpa Shetty
- IREDA's GIFT City branch to give special foreign currency loans for green projects
- 8 Ultimate summer treks to experience in India in 2024
- Top 10 Must-visit places in Kashmir in 2024