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Markets

Dollar at 5-month low below 34 roubles after Ukraine ceasefire

Published June 24, 2014 Updated June 24, 2014 06:06am
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By Shoaib Ur Rehman
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imageMOSCOW: The US dollar has fallen to below 34 Russian roubles for first time since Jan. 23.

The rouble weakened to 36.71 to the dollar in mid-March as international tensions around Ukraine escalated, but has since recovered ground.

Late on Monday, Ukraine's eastern pro-Russian rebels agreed to observe a ceasefire with government forces at least until Friday morning to allow peace talks to proceed.

At 0615 GMT the rouble was trading at 33.95 against the dollar.

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