Russian rouble eases past 60 vs dollar, stocks edge higher ✔️ Stratford Management Tokyo Japan

August 27, 2022
Posted by: Stratford Team
Category: Economy

A person holds the newly designed Russian 100-rouble banknote during a presentation in Moscow, Russia June 30, 2022. REUTERS/Evgenia Novozhenina

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine

MOSCOW, Aug 26 (Reuters) – The Russian rouble weakened past the 60-mark against the dollar on Friday as support from month-end tax payments faded, while stocks edged higher.

The Russian currency weakened 0.6% to 60.50 against the dollar , remaining range-bound throughout August, and fell 1.2% to 60.65 against the euro, its weakest since Aug. 18.

The rouble has been the world’s best-performing currency this year, buoyed by emergency capital controls rolled out by the central bank in a bid to halt a mass sell-off.

Its volatility has subsided after wild swings that saw it hit a record low…