Ukraine crisis: Russian rouble plunges 30 per cent against US dollar as Moscow markets freeze on sanctions stress

//Ukraine crisis: Russian rouble plunges 30 per cent against US dollar as Moscow markets freeze on sanctions stress

Ukraine crisis: Russian rouble plunges 30 per cent against US dollar as Moscow markets freeze on sanctions stress

Russian markets were paralysed on Monday and traders struggled to price the rouble as international sanctions shook the country’s financial system.The Russian currency lost a third of its value in offshore trading at one point and hit an all-time low of 109.185 per dollar in Moscow. Quotes were infrequent and volatile at the start of the session, and traders warned that low liquidity was making it difficult to match buyers and sellers. The central bank cancelled local trading altogether in…

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By | 2022-02-28T12:30:35+00:00 February 28th, 2022|Business|Comments Off on Ukraine crisis: Russian rouble plunges 30 per cent against US dollar as Moscow markets freeze on sanctions stress