{"id":1409325,"date":"2022-03-30T08:15:37","date_gmt":"2022-03-30T12:15:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1409325"},"modified":"2022-03-30T08:15:47","modified_gmt":"2022-03-30T12:15:47","slug":"russian-ruble-recovers-most-of-post-invasion-decline","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/russian-ruble-recovers-most-of-post-invasion-decline\/","title":{"rendered":"Russian Ruble Recovers Most of Post-Invasion Decline"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Frussian-ruble-recovers-most-of-post-invasion-decline%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1409325&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p>(Bloomberg) &#8212; The ruble is staging a comeback that could soon see it making up all of the losses it suffered in the weeks after Russia invaded of Ukraine, although it has some way to go yet.<\/p>\n<p>Most Read from Bloomberg<\/p>\n<p>The currency has strengthened in 13 of the past 14 trading sessions in Moscow, paring most of the 33% decline that it incurred in onshore trading after President Vladimir Putin sent Russian troops to invade Ukraine. The ruble was up again on Tuesday, strengthening more than 4% on the day to around 86 per U.S. dollar, edging close to its pre-war level.<\/p>\n<p>\u201cThe ruble\u2019s rebound has really been the result of policies by the Central Bank of Russia to enforce buying and limit selling,\u201d said Natalie Rivett, senior emerging market analyst at Informa Global Markets Ltd. \u201cA ceasefire between Russia and Ukraine would likely help to support the ruble, but it\u2019s difficult to envision any sustainable appreciation.\u201d<\/p>\n<p>Still, the dollar-ruble currency pair is only around 6% away from a key mark of 81.16, the level it closed on Feb. 23, the day before Putin launched a long-anticipated military invasion on Ukraine.<\/p>\n<p>Returning to such levels would be a challenge given Russia\u2019s isolation after the U.S. and allies imposed sweeping sanctions, Rivett said.<\/p>\n<p>Guillaume Tresca, a senior emerging-market strategist at Generali Insurance Asset Management, echoed lingering risk in the currency, which isn\u2019t in a typical, functioning market.<\/p>\n<p>Capital controls imposed by the central bank, meant to keep cash from leaving the country, have offered some support for the ruble. Russia has also moved toward requiring that natural-gas sales be conducted in rubles, though the largest industrialized countries have rejected the demand.<\/p>\n<p>\u201cThe strengthening has to be taken with a pinch of salt,\u201d Tresca said. \u201cThe RUB strengthening is fragile, more driven by technical factors than a real economic improvement.\u201d<\/p>\n<p>Most Read from Bloomberg Businessweek<\/p>\n<p>\u00a92022 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) &#8212; The ruble is staging a comeback that could soon see it making up all of the losses it suffered in the weeks after Russia invaded of Ukraine, although<\/p>\n","protected":false},"author":498,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1409325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1409325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1409325"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1409325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1409325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1409325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1409325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}