Ruble crosses 89 to the dollar: markets monitor policy, oil and risk

The ruble has breached a notable milestone by slipping below 89 per US dollar, marking a fresh development in the currency market reported by financial observers and market participants. This movement follows a period of volatility and offers a window into how investors are reassessing the balance of pressures from global commodity prices, domestic policy actions, and treasury operations. In recent trading sessions, the exchange rate has shown a downward drift, underscoring the ongoing interplay between energy prices, central bank signals, and the appetite for risk across regional markets. Market watchers in Moscow and beyond are watching key indicators to determine whether this trend signals the start of a new phase for the ruble or a temporary adjustment within a larger cycle of fluctuations.