The Russian ruble rebounded against the dollar on August 14 after falling for six trading sessions in a row following Ukraine's biggest attack on Russian territory since the start of the war. By 6 p.m. Moscow time, the ruble was 1.7 percent stronger at 89.00 to the dollar after losing 8.5 percent since the start of Ukraine's incursion into Russia's Kursk region on August 6. The ruble briefly touched a 10-month low against the dollar during trading on August 13. The weakening of the ruble against the dollar and euro has continued despite support from higher oil prices and increased net daily sales of the Chinese yuan by the Russian central bank and Finance Ministry.
Russian Ruble Rebounds After Touching 10-Month Low
The ruble briefly touched a 10-month low against the dollar this week before rebounding.