Ruble Russia’s currency fell to a nearly three-week low against the dollar on November 30, having lost some of its support from corporate tax payments at the end of the month.
The ruble fell 0.6% against USDdown to 69.87 rubles/USD, the lowest level since January 11.
The Russian currency fell 0.8% against the euro, to 76.13 rubles/euro, its lowest level in 3 weeks and down 0.8% against the yuan, to 10.34 rubles/yuan .
The ruble usually gets a boost from tax payments at the end of the month, when exporting companies convert foreign currency revenues to make payments in rubles.
[Đồng ruble tiến sát mức 70 ruble/USD trước thềm Năm mới 2023]
Investment firm Veles Capital thinks the ruble could lose support from tax payments this week and could fall further.
First Asset Management believes that the government’s sale of foreign currency will support the ruble in the short term, offsetting oil and gas revenues. gas decrease, the ruble will trade in the range of 68-71 rubles/USD in the short term.
The ruble came under pressure after the West’s decision to impose a ceiling on Russia’s oil prices took effect in early December 2022, along with the implementation of an embargo on the European Union by the European Union. oil Russian exports to force the country to sell oil at low prices.
Le Minh (VNA/Vietnam+)