Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Ruble Retreats for Second Day as Investors Bet Gains Overdone

The ruble dropped for a second day as investors speculated gains were overdone.

The ruble slid 0.2 percent against the dollar to 30.7250 by the close in Moscow, paring its weekly advance to 0.5 percent. It lost 0.2 percent versus the central bank’s target euro-dollar basket to 34.9978 and declined 0.3 percent versus the euro to 40.22.

The ruble has climbed 3.4 percent since reaching a two-month low on Nov. 13. Russian markets are closed for New Year and Christmas holidays in the first week of January.

Investors “cut their speculative long ruble positions,” Anton Nikitin, an analyst at VTB Capital in Moscow said by e-mail. “People prefer to be light before the holidays.”

Non-deliverable forwards showed the ruble at 31.1755 per dollar in three months.

The extra yield investors demand to own Russia’s dollar bonds over U.S. Treasuries rose one basis point to 178, according to JPMorgan Chase & Co.’s EMBI Global Index.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.