The Russian rouble surged past 81 to the U.S. dollar on Thursday, marking a 40% increase since the beginning of 2025.
The currency's rise is largely attributed to rising oil prices, which have bolstered Russia's main export sector. At 0900 GMT, the rouble was up by 1.5%, reaching 80.90 to the dollar in light trading ahead of the Orthodox Easter holiday. Oil prices saw a 3% jump on April 17, further supporting the rouble's gains.
This marks the rouble's strongest position since June 28, 2024, signaling a notable recovery for the Russian currency. The rouble has gained significantly since the start of the year, buoyed by expectations of easing tensions between Russia and the United States. Despite this, the rouble has remained unaffected by recent comments from U.S. Secretary of State Marco Rubio, who suggested that President Donald Trump may soon abandon efforts to broker a peace deal between Russia and Ukraine unless clear progress is made.
Against the Chinese yuan, which the Russian central bank uses for foreign exchange interventions, the rouble was up 0.1%, trading at 11.08 on the Moscow Stock Exchange. The rouble's resilience reflects both the strength of Russia's energy exports and the ongoing shift in global financial dynamics.
Texas House Republicans on Monday issued civil arrest warrants for more than 50 Democratic representatives who slipped across state lines to deny the ...
Türkiye is conducting its fifth national scientific expedition to the Arctic, leading 19 research projects focused on climate, marine ecosystems, and...
Rwanda has signed a June accord to accept as many as 250 people deported from the United States, officials in Kigali said on Tuesday, marking Washingt...
What happens when language becomes a weapon? When cinema turns into a battlefield? A new AnewZ documentary investigates how Russia’s propaganda mach...
Rescue teams in northern Pakistan have ended a two-week search for 11 people who disappeared in last month’s flash floods, declaring them presumed d...
What happens when language becomes a weapon? When cinema turns into a battlefield? A new AnewZ documentary investigates how Russia’s propaganda machine operates, tracing its roots from the playbook of Joseph Goebbels to the Kremlin’s cultural strategies today.
Russia has announced it no longer considers itself bound by a self-imposed moratorium on deploying short- and medium-range missiles, citing growing threats from the U.S. and NATO.
On Monday, U.S. President Donald Trump announced plans to significantly raise tariffs on India over its continued purchase and resale of Russian oil, accusing New Delhi of profiting from the war in Ukraine.
U.S. President Donald Trump has revealed that his special envoy, Steve Witkoff, may travel to Russia this coming week, potentially on Wednesday or Thursday as Trump warned that if Russian President Vladimir Putin does not agree to a deal by 8 August, Washington will impose new economic sanctions.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
OPEC+ will increase oil production by 547,000 barrels per day in September after eight members of the organisation held a brief virtual meeting on Sunday. They said the company will continue to accelerate its output hikes to regain market share.
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.
U.S. President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates unchanged.
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for its fiscal fourth quarter, driven by robust growth in its cloud business.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment