Russia's financial turmoil showed little sign of easing on Dec. 17 as the ruble continued to fluctuate against major currencies in volatile trading. After Tuesday's wild gyrations in the currency market, which saw the rouble swing between 58.27 and 80 to the dollar and then back to 70, the currency initially traded down more than 6 per cent on Dec. 17 to trade at 72.2 to the greenback as the central bank’s hiking of interest rates at 1am on Dec. 16 continued to have little effect.
Russia's War Against Ukraine
Financial Times: Ruble continues to swing amid Russian turmoil
Pedestrians walk past a board listing foreign currency rates against the Russian ruble outside an exchange office in Moscow on Dec. 3, 2014.
