The Russian Ruble advanced against the U.S. dollar in late Asian deals on Monday, as oil prices rebounded from 12-year lows amid expectations that central banks would inject more stimulus to prop up growth.
Sentiment was buoyed on hopes that the European Central Bank, the Bank of Japan and the Chinese central bank may expand stimulus measures to bolster economic recovery.
The ruble appreciated to a 10-day high of 75.3550 against the greenback, compared to last week’s closing value of 77.7391. The next possible resistance for the ruble may be located around the 74.00 zone.
The material has been provided by InstaForex Company – www.instaforex.com