Russian rouble surges vs dollar on US prisoner deal
ReutersFeb 12, 2025 8:00 AM
MOSCOW, Feb 12 (Reuters) - The Russian rouble surged by over 2% against the U.S. dollar on Wednesday after a deal between Russia and the United States brought home an American school teacher who was detained and sentenced in Russia.
At 0750 GMT, the rouble RUB= was up 2.1% at 94.50 against the dollar, the highest level for the Russian currency since October 2024, according to data from the over-the-counter market.
The rouble strengthened 1.2% to 12.93 against China's yuan on the Moscow Stock Exchange.
"The positive news background, promising a reduction in geopolitical tensions, continues to strengthen, and this factor is currently playing a significant role in supporting the rouble," said Denis Popov from PSB bank.
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