U.S. dollar, euro surge to new highs vs Russian ruble

REUTERS

The U.S. dollar rose significantly to a level of 74.46 rubles in early Moscow trading on Monday, January 11.

The euro rose to a new record high since December 2014 of 83.97 rubles.

The Russian currency continues weakening on the domestic forex market amid a decline in crude oil prices on global markets and increased worries about the Chinese markets, according to the report.

Thus, Brent crude futures for February delivery have dropped by 1.5% to $33.04 per barrel since the beginning of trading on January 11.