The Russian ruble extended its losses against the US dollar, reflecting ongoing economic vulnerabilities. The currency’s depreciation is attributed to a confluence of factors, including:
- Geopolitical tensions: Heightened international tensions continue to weigh on investor sentiment.
- Economic pressures: Domestic economic challenges are contributing to the ruble’s weakness.
Market analysts are closely observing the ruble’s performance, with speculation about potential interventions by the Russian central bank to stabilize the currency. The situation remains fluid, and further developments are expected to influence the ruble’s trajectory.