The ruble fell to a 6-month low against the dollar. On Monday, the Russian currency dropped below 65 per dollar for the first time since February. The ruble is currently trading around 65.5, and got down as low as 65.7 earlier in the day, according to Bloomberg data. To date, the ruble has tumbled approximately 25% since its peak in mid-May. The ruble’s drop follows the recent oil price drop: Currently, WTI is trading near 6-year lows at $41.84 per dollar. Meanwhile, Brent is trading around $48.94, slightly above its 2015 low of $45.19. Additionally, there have been reports of …read more
Source: Business Insider
