Ruble Continues Seeing Weakness vs. U.S. Dollar Following GDP Data (RSX) (RUSS)

The Russian ruble is continuing to see pressure Monday following economic data out of the country.

Russia's economy ministry said GDP fell 0.5 percent last month, the first drop for the metric since September 2009. The Russian government recently forecast that GDP could fall as much as 4 percent next year.

The U.S. dollar rose to over 58.6 per ruble, from an earlier exchange rate of 53.49 per dollar.

You May Also Be Interested In

• Natural Gas Inventory 36 bcf vs 31 bcf Expected
• Yen Extends Decline, Erasing Half Of Intervention Gains - Bloomberg
• Canada Holding Intense Talks With United States To Avoid Additional Tariffs Being Imposed On Aug 19 - Source Directly Familiar With Negotiations - Reuters