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Russia's central bank seen poised for another 100 bps rate hike in December

POLL-Russia's central bank seen poised for another 100 bps rate hike in December reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=RUGDPYAP Poll data Russia's inflation seen at 8.1% in end-2024 Central bank seen hiking key rate to 22% on Dec 20 Russian rouble seen at 100 to U.S. dollar in 12 months By Elena Fabrichnaya and Gleb Bryanski MOSCOW, Nov 1 (Reuters) - Russian inflation will hit 8.1% at the end of the year, above the current government's forecast, while the central
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Russian rouble flat vs US dollar, weakens vs China's yuan

Russian rouble flat vs US dollar, weakens vs China's yuan MOSCOW, Nov 1 (Reuters) - The Russian rouble weakened slightly against China's yuan and was flat against the U.S. dollar in thin trade on Friday. At 1100 GMT, the rouble RUB= was flat at 97.40 against the dollar. It weakened 0.2% to 13.55 against the yuan CNYRUB= , according to LSEG data. The rouble weakened by 0.4% to 106.40 against the euro EURRUB= .
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TAKE A Reuters November foreign exchange poll

POLL-TAKE A LOOK-Reuters November foreign exchange poll The U.S. dollar will hold on to its recent strength over coming months on robust domestic economic data and continued scaling back of bets for Federal Reserve interest rate cuts, a Reuters poll found. Reuters surveys over 100 foreign exchange forecasters Oct. 28-31 on U.S. dollar rates versus major currencies, including the Chinese yuan, Russian rouble, Indian rupee, Brazilian real, Turkish lira, and many others.
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Russian rouble flat as central bank sees continued strong forex sales

Russian rouble flat as central bank sees continued strong forex sales MOSCOW, Oct 31 (Reuters) - The Russian rouble was flat against the U.S. dollar and the Chinese yuan on Thursday as the central bank's governor said that Russian exporting companies were selling foreign currency at levels above mandatory sales requirements. At 0845 GMT, the rouble RUB= was flat at 96.80 against the dollar.
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Russia braces for more tax rises to fund the Ukraine war

ANALYSIS-Russia braces for more tax rises to fund the Ukraine war One third of budget spending earmarked for the military Tax increases to raise revenue worth 1.7% of GDP in 2025 Economists say more tax rises are inevitable By Darya Korsunskaya MOSCOW, Oct 31 (Reuters) - Russia will need to raise taxes further to fund its war in Ukraine, according to economists who say revenue-raising measures already announced will not be enough to fund the country's ballooning military spending.
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Stocks fall with chipmakers, gold hits record high

GLOBAL MARKETS-Stocks fall with chipmakers, gold hits record high US stocks end lower UK shares fall as government unveils new budget Gold hits all-time high in risk-off mood Bitcoin nears record high early Updates to 4:30 p.m. ET By Caroline Valetkevitch NEW YORK, Oct 30 (Reuters) - Global stock indexes edged lower on Wednesday as a disappointing forecast from Advanced Micro Devices weighed on chipmakers, while gold prices rose to a record high as uncertainty ahead of next week's U.S.
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Stocks dip with chipmakers; gold hits record high

GLOBAL MARKETS-Stocks dip with chipmakers; gold hits record high U.S. stocks mostly lower UK shares fall as govt unveils new budget Gold hits record high in risk-off mood Bitcoin nears record high Updates to 3 p.m. ET By Caroline Valetkevitch NEW YORK Oct 30 (Reuters) - Global stock indexes edged lower on Wednesday as a disappointing forecast from Advanced Micro Devices weighed on chipmakers, while gold prices rose to a record high as uncertainty ahead of next week's U.S.
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Russian rouble slightly up vs U.S. dollar in thin trade

Russian rouble slightly up vs U.S. dollar in thin trade MOSCOW, Oct 30 (Reuters) - The Russian rouble strengthened slightly against the U.S. dollar on Wednesday but remained steady against China's yuan and the euro in thin trade, following the end of the tax payment period when exporters convert foreign currency into roubles. At 0730 GMT, the rouble RUB= was up 0.3% at 96.80 against the dollar.
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Russian rouble little changed against major currencies

Russian rouble little changed against major currencies MOSCOW, Oct 29 (Reuters) - The Russian rouble weakened slightly against the U.S. dollar and China's yuan on Tuesday as exporting companies reduced their sales of foreign currency after paying taxes to the budget in roubles. At 0900 GMT, the rouble RUB= was down 0.2% at 96.80 against the dollar and down by 0.1% at 13.44 against China's yuan CNYRUB= .
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Bets on USD rising are growing issue for FX traders

BUZZ-COMMENT-Bets on USD rising are growing issue for FX traders Oct 28 (Reuters) - Bets on the dollar rising, which have grown substantially , are a growing issue for FX traders as they represent an increasing restraint on the greenback's ability to climb further. Traders who were short of 17 billion dollars a few weeks ago are now betting almost $10 billion that the dollar rises.
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Rate hike props up Russian rouble as oil prices tumble

Rate hike props up Russian rouble as oil prices tumble MOSCOW, Oct 28 (Reuters) - The Russian rouble strengthened slightly against the U.S. dollar on Monday, supported by the central bank's rate hike last week and foreign exchange sales by exporting companies though gains were curbed by tumbling oil prices. At 0830 GMT, the rouble RUB= was up 0.2% at 96.80 against the dollar and EURRUB= down by 0.2% at 105.22 against the euro.
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Russian central bank hikes benchmark rate to 21%, highest since 2003

UPDATE 3-Russian central bank hikes benchmark rate to 21%, highest since 2003 This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine The central bank says further rate hikes possible Inflation is not slowing down Inflationary expectations highest since the start of the year Key rate higher than at the start of the conflict in Ukraine Adds more background in paragraphs 2, 5, 8 By Elena Fabrichnaya and Gleb Bryanski MOSCOW, Oct 25 (Reuters) -
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Russian rouble weakens slightly ahead of expected central bank rate move

Russian rouble weakens slightly ahead of expected central bank rate move MOSCOW, Oct 25 (Reuters) - The Russian rouble weakened slightly against the U.S. dollar and the Chinese yuan on Friday, the day the central bank is expected to hike rates at least to the highest level since April 2022. At 0800 GMT, the rouble RUB= was down 0.6% at 96.80 against the dollar and down by CNYRUB= 0.2% at 13.44 against China's yuan.
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Most EM currencies rise as dollar pauses

EMERGING MARKETS-Most EM currencies rise as dollar pauses Most bourses in emerging Asia clock losses EM stocks down 0.6%, FX up 0.2% By Shashwat Chauhan Oct 24 (Reuters) - Most emerging market currencies eked out gains on Thursday as the dollar softened, while a broader gauge of stocks was down as focus remained on the U.S. presidential election and the Federal Reserve's interest rate path.
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Russian rouble weakens before expected rate hike

Russian rouble weakens before expected rate hike MOSCOW, Oct 24 (Reuters) - The Russian rouble weakened slightly against the U.S. dollar and China's yuan on Thursday, the day before a central bank board meeting in which analysts expect a hike in the central bank's key interest rate to fight inflation. At 0800 GMT, the rouble RUB= was down 0.4% at 96.80 against the dollar and down by CNYRUB= 0.5% at 13.44 against China's yuan.
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There's little to stop dollar rising

BUZZ-COMMENT-There's little to stop dollar rising Oct 23 (Reuters) - In 2022 the dollar's rally came to an abrupt halt due to the overcrowding of bets on its rise and investments in the U.S. currency. Following a lengthy correction and a purge of those bets and investments there is now little to stop a dollar rise that looks increasingly likely. When the dollar peaked in 2022 it was also overbought, yet the resulting correction of these extreme conditions proved to be modest - just 23.6% of the
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Russian rouble weakens vs dollar following global FX trends

Russian rouble weakens vs dollar following global FX trends MOSCOW, Oct 23 (Reuters) - The Russian rouble fell against the U.S. dollar on Wednesday, following global foreign exchange trends, after Russian officials said the rouble's volatility was high but that the exchange rate was in line with the government's expectations. At 0830 GMT, the rouble RUB= was down 0.9% at 96.65 against the dollar but up CNYRUB= 1.14% at 13.32 against China's yuan, according to data compiled by LSEG.
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Russian industry warns central bank's high rates hurt crucial new investment

Russian industry warns central bank's high rates hurt crucial new investment Companies warn high borrowing costs prevent them from investing Power sector is particularly affected, new plants under threat Russia needs to modernise power generation or risks blackouts Politically easier to blame c.bank than Kremlin, says analyst By Anastasia Lyrchikova, Alexander Marrow and Darya Korsunskaya MOSCOW, Oct 23 (Reuters) - A growing chorus of Russian industrial companies and lobby groups are complaining
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Russian finance minister says all budget parameters to be fulfilled regardless of rouble rate

Russian finance minister says all budget parameters to be fulfilled regardless of rouble rate MOSCOW, Oct 22 (Reuters) - Russian Finance Minister Anton Siluanov said on Tuesday that all parameters set out in the federal budget would be fulfilled regardless of the ruble exchange rate, the state-run news agency TASS reported on Tuesday. Reporting by
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Russia says rouble is volatile but in line with expectations

UPDATE 2-Russia says rouble is volatile but in line with expectations Adds Reshetnikov's quote in para 9, background in para 7 MOSCOW, Oct 22 (Reuters) - The Russian rouble's current exchange rate volatility is high but the rate remains in line with the government's expectations, Interfax news agency quoted Economy Minister Maxim Reshetnikov as saying on Tuesday.
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