{"id":111957,"date":"2022-03-14T07:00:19","date_gmt":"2022-03-14T07:00:19","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=111957"},"modified":"2022-03-16T09:38:43","modified_gmt":"2022-03-16T09:38:43","slug":"106173-rub-usd-russian-ruble-worth-less-than-1-cent-for-second-straight-week","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/106173-rub-usd-russian-ruble-worth-less-than-1-cent-for-second-straight-week\/","title":{"rendered":"RUB\/USD: Russian Ruble worth Less than 1 Cent for Second Straight Week"},"content":{"rendered":"<ul>\n<li>Russian ruble relief rally as risk appetite returns<\/li>\n<li>Russia\u2019s currency changing hands at less than 1 US cent for 2<span style=\"font-size: 12.5px\">nd<\/span>\u00a0straight week<\/li>\n<li>US dollar pullback drives RUB to USD pair higher<\/li>\n<li>Russia \u2013 Ukraine conflict enters its third week<\/li>\n<li>Fed interest rate decision main risk event of the week<\/li>\n<\/ul>\n<p>The Russian Ruble to US dollar (RUB\/USD) exchange rate finished last week\u2019s session on a more positive tone than it started the week settling down -5.18% at 0.00749 \u2013 but not before touching a new all-time low of 0.00633.<\/p>\n<p>At the time of writing, one Ruble buys 0.007594 US dollars, slightly down -0.62% from Friday\u2019s closing price.<\/p>\n<p>The risk off reaction to the Russia \u2013 Ukraine conflict has somehow faded as equities erased some of the early losses and settled last week down -2.88% at 4204.<\/p>\n<p>The dollar index, which gauges the greenback&#8217;s strength against a basket of major currencies, settled last week up +0.63% at 99.12.<\/p>\n<p>Key events in the US this week include among others the Fed interest rate decision. Based on the market consensus, the US Federal Reserve is set to start its tightening cycle to tame down inflation which hits a 40-year high.<\/p>\n<p>The Fed\u2019s first rate hike is expected to be 25 basis points up to 0.50% from 0.25%.<\/p>\n<p>Other risk catalysts include the Producer Price Index (PPI) data, followed by the US Retail Sales. Meanwhile, geopolitical tension continues to weigh on the risk sentiment.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#bfc2c4;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#f2f5f7;color:#5d6377;border-top-left-radius:1px;border-top-right-radius:1px\">A message from Wise (formerly TransferWise)<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">Our team is made up of over 90 nationalities, with offices all over the world \u2014 including Cherkasy \u2014 so we felt it important to put together resources for donating, and sending money to Ukraine. You can access this <a href=\"https:\/\/wise.com\/community\/support-for-people-in-ukraine?utm_source=currencylive-com&#038;utm_medium=affiliate&#038;utm_content=hub_support&#038;utm_campaign=news\">support hub here<\/a>.<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Russian ruble relief rally as risk appetite returns Russia\u2019s currency changing hands at less than 1 US cent for 2nd\u00a0straight week US dollar pullback drives RUB to USD pair higher Russia \u2013 Ukraine conflict enters its third week Fed interest rate decision main risk event of the week The Russian Ruble to US dollar (RUB\/USD) [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5434,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3421,1381],"tags":[1408,3419],"class_list":{"0":"post-111957","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-rub","8":"category-usd","9":"tag-fed","10":"tag-usd-rub"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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