Iran and Russia begin working on gold-backed Stablecoins
As per a recent report, Iran and Russia have begun working on gold-backed stablecoins. The stablecoin aims to replace fiat currencies such as the U.S. Dollar, Russian Ruble, and Iranian...
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Bank of Russia Outlines Payment Models With Digital Ruble, Other CBDCs
The Central Bank of Russia has detailed two methods for implementing the digital ruble and other state-backed coins in international settlements. The monetary authority also plans to start...
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Russian Federation Presents Bill on Digital Ruble to State Duma
The Russian Federation has submitted a draft bill regarding the digital ruble to the State Duma, the lower house of the Russian parliament. Russian lawmakers, led by the Chairman of the...
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Draft legislation for the digital Ruble forwarded by legislators in Russia
A group of Russian legislators, headed by Anatoly Aksakov have proposed draft legislation to create the digital Ruble that the Bank of Russia will issue.
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Bill on Digital Ruble Submitted to Russian Parliament
A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form of national...
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U.S. dollar widely unchanged as greenback is on track for best year since 2015
By Scott Kanowsky Investing.com -- The U.S. dollar was broadly unchanged in limited European trading on Friday, as it stayed on track for its biggest increase in seven years. As of 04:14 ET...
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Dollar edges down as U.S. unveils COVID tests for travelers from China
By Scott Kanowsky Investing.com -- The U.S. dollar edged slightly lower on Thursday in reduced European trading, as the U.S. and Italy joined a list of countries to require COVID-19 testing...
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Rouble edges higher after biggest weekly slump since July
MOSCOW (Reuters) – The Russian rouble edged higher against the dollar on Monday, recovering some ground after its largest weekly slump since early July on fears over the impact of oil...
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Rouble tumbles to near eight-month low vs dollar
MOSCOW (Reuters) – The rouble slumped to its weakest since late April past 72 against the dollar on Thursday as fears over the impact of sanctions on Russian oil and gas took the...
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Rouble slumps past 70 vs dollar for first time since May
MOSCOW (Reuters) – The rouble plunged to its weakest level since early May past 70 against the dollar in early trade on Wednesday, extending weekly losses with fears over sanctions on...
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Rouble plunges below 68 per dollar to hit over 7-month low
By Alexander Marrow MOSCOW (Reuters) – The Russian rouble slumped past 68 per U.S. dollar to a more than seven-month low on Monday, hurt by low oil prices and fears that sanctions on...
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Rouble weakens to 63 vs dollar as rate decision edges closer
By Alexander Marrow MOSCOW (Reuters) – The Russian rouble weakened on Monday, sliding to 63 against the dollar, as global inflation pressure and recession concerns limited appetite for...
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USD/RUB: Exceptional Rouble gains from this year to reverse gradually – MUFG
The Russian Rouble has been one of only a handful of EM currencies that has outperformed the US Dollar this year. Economists at MUFG Bank expect the e
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Ruble Surges to Two-Month High as Demand for Cash Explodes
By Geoffrey Smith Investing.com -- The Russian ruble surged nearly 3% against the dollar on Friday amid a surge in demand for cash, as Russians emptied their savings accounts in the wake of...
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Kremlin-Backed Republics in Ukraine to Hold Referendums on Joining Russia
By Geoffrey Smith Investing.com -- Two Russian-backed regions in eastern Ukraine announced on Tuesday they will hold referenda on joining the Russian Federation this weekend, a move that...
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Dollar Strengthens, Yuan Breaks Through Key Threshold on Recession Fears
By Peter Nurse Investing.com - The U.S. dollar strengthened in early European trade Friday, while the Chinese yuan broke through a crucial threshold as concerns over rising interest rates...
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First Politicians Call for Putin's Removal After Reverses in Ukraine
By Geoffrey Smith Investing.com -- Russian President Vladimir Putin suffered a rare and pointed challenge to his authority on Monday after an embarrassing defeat for Russia's armed forces...
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Weekly Brief: Key Economic Highlights Across Top Emerging Nations
By Malvika Gurung Investing.com -- The ongoing week witnessed a softer-than-expected July consumer inflation data recorded in the US, easing to 8.5% from a 40-year peak of 9.1% in June,...
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'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap
Mumbai, Aug 11 (IANS) Many countries across the globe has been surreptitiously searching for non traditional payment and settlement mechanisms that points to 'Dollar Distancing' finally...
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Raiffeisen Hits 4-Month High as Russia Business Thrives
By Geoffrey Smith Investing.com -- Raiffeisen Bank International (VIE:RBIV) (OTC:RAIFY) stock surged to its highest in four months after its central and eastern European banking business...
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Gazprom Shares Tumble After Shareholders Vote Against Record Dividend
By Scott Kanowsky Investing.com -- Moscow-listed shares in Gazprom (MCX:GAZP) tumbled by more than 25% on Thursday, after shareholders in the Russian energy company decided against a...
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Dollar Index Edges Lower as Investors Gauge Fed Rate Path
By Scott Kanowsky Investing.com -- The dollar eased back slightly from a 20-year high reached earlier this month on Monday, following disappointing U.S. economic data that may dampen...
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Russia's Central Bank Cuts Key Rate to Pre-War Level of 9.5%
By Scott Kanowsky Investing.com -- The Russian central bank has slashed its key interest rate for the second time in just over two weeks, lowering it by 150 basis points to 9.5% - the level...
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U.K., European Natural Gas Prices Leap as Texas LNG Terminal Fire Threatens Supply
By Geoffrey Smith Investing.com -- Natural gas prices in the U.K. and continental Europe rocketed higher in early trading in Europe on Thursday, after a fire at an LNG export terminal in...
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Apple Stagnation, NVIDIA Earnings, GDP Revision - What's Moving Markets
By Geoffrey Smith Investing.com -- Nasdaq futures are underperforming again in premarket as stagflation hits Apple and NVIDIA. The U.S. will publish revised GDP figures for the first...
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Ruble Eases Off Highs as Russian Central Bank Cuts Key Rate to 11% Vs 14%
By Geoffrey Smith Investing.com -- The ruble eased off a four-year high on Thursday, the Russian central bank cut its key rate by three percentage points to 11% and flagged the possibility...
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Fed Minutes, Nordstrom and Nvidia Earnings, ECB Talk - What's Moving Markets
By Geoffrey Smith Investing.com -- The Federal Reserve will publish the minutes of its latest policy meeting, while durable goods orders for April are also due. The euro falls as ECB...
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Dollar Stabilizes, but Hikes Elsewhere Point to Further Weakness
By Geoffrey Smith Investing.com -- The dollar stabilized in early trade on Wednesday after falling on Tuesday as a collapse in new home sales and a slump in social media stocks stoked fears...
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Dollar Weakens After Lagarde Props Up Euro; Risk-Off Tone Still Dominant
By Geoffrey Smith Investing.com -- The dollar fell again in morning trade in Europe after European Central Bank President Christine Lagarde chose not to rule out a 50 basis point interest...
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Ruble Hits 4-Year High as Energy Exports Fill Current Account
By Geoffrey Smith Investing.com -- The Russian ruble surged again to a new four-year high on Monday, as the weight of foreign inflows generated by its energy exports continued to support...
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Chinese Easing, Europe Data Shocks, Palo Alto Earnings - What's Moving Markets
By Geoffrey Smith Investing.com --- A modest bit of monetary easing in China triggers a short-covering bounce in the U.S., but stocks are still on course for their lowest weekly close since...
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Russia Hits Fleeing Civilians; Le Pen Risk, Food Prices - What's Moving Markets
By Geoffrey Smith Investing.com -- A Russian attack kills scores of fleeing civilians at a Ukrainian rail station. Russia's central bank cuts interest rates sharply to stave off a looming...
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Ruble Nears Two-Month High, Sparks Doubt Over ‘Synthetic’ Rally
(Bloomberg) -- The ruble rallied for a third day to approach the highest in more than two months, evoking skepticism from currency strategists who say the market is broken because of capital...
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Ruble Erases Invasion Loss, Bucking Default Risks, Sanctions
(Bloomberg) -- The Russian ruble has wiped out the steep losses it incurred in the weeks after President Vladimir Putin sent troops into Ukraine. The currency advanced past 81.16 per U.S....
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Summits, Russia Reopens, Durable Goods & Jobless Claims - What's Moving Markets
By Geoffrey Smith Investing.com -- A veritable orgy of diplomacy is taking place in Brussels, with the West trying to coordinate an increase in pressure on Russian President Vladimir Putin...
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Europe Stocks Open Mostly Higher Ahead of NATO, EU Summits; Russia Reopens
By Geoffrey Smith Investing.com -- European stock markets opened mixed on Thursday ahead of a key day for diplomacy aimed at halting Russia's war in Ukraine. Western leaders will attempt to...
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Dollar Edges Higher; Fed Speakers, Including Powell, in Focus
By Peter Nurse Investing.com - The U.S. dollar edged higher Monday, trading in a tight range ahead of comments from Federal Reserve chair Jerome Powell later in the session, just a few days...
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European Stocks Open Mostly Lower; Biden-Xi Call Awaited
By Geoffrey Smith Investing.com -- European stock markets opened slightly lower on Friday but were still on course for a weekly gain, as participants awaited the outcome of key talks...
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Europe Stocks Open Slightly Higher as Post-Fed Rally Fades; BoE Meeting Eyed
By Geoffrey Smith Investing.com -- European stock markets opened mostly higher on Thursday as the sharp relief rally that followed the Federal Reserve's first interest rate hike in over...
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European Stocks Open Higher as Talks Progress, Oil Slides Ahead of Fed
By Geoffrey Smith Investing.com -- European stock markets opened higher on Tuesday on further signs of progress in peace talks between Ukraine and Russia, which also brought much-needed...
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