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Russian rouble weakens slightly ahead of Russia-US talks
Published by Global Banking & Finance Review®
Posted on February 17, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on February 17, 2025
1 min readLast updated: January 26, 2026
The Russian rouble weakened 0.3% against the dollar ahead of Russia-U.S. talks in Riyadh, maintaining its highest level since September 2024.
MOSCOW (Reuters) - The Russian rouble weakened slightly against the U.S. dollar on Monday ahead of Russia-U.S. talks scheduled to take place in Saudi Arabia's capital Riyadh on February 18.
At 0915 GMT, the rouble was down 0.3% at 91.40 against the dollar, still the highest level for the Russian currency since September 2024, according to data from the over-the-counter market.
It was also down 0.3% against China's yuan, the most traded foreign currency in Russia, in trade on the Moscow stock exchange.
"The starting negotiations in Saudi Arabia may continue to fuel a positive news background, which will maintain the buying of the rouble by speculative capital," said PSB Bank's analyst Denis Popov.
The Russian currency is up about 20% against the dollar this year, mostly on expectations of easing of geopolitical tensions between Russia and the West.
(Reporting by Gleb Bryanski, editing by Ed Osmond)
The article discusses the slight weakening of the Russian rouble against the U.S. dollar ahead of Russia-U.S. talks in Riyadh.
The rouble weakened slightly due to upcoming Russia-U.S. talks, although it remains strong due to easing geopolitical tensions.
The talks in Riyadh are significant as they may influence geopolitical relations and impact the Russian currency's performance.
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