Rouble continues rebound Monday
周一俄罗斯卢布继续反弹

Russia’s currency rebounded Monday after an early boost to oil prices. The rouble rose 6 per cent against the US currency to close at 56 roubles, having earlier come close to 54 roubles to the dollar, its strongest level in 12 days.

Since hitting a record low at close to 80 roubles a dollar less than a week ago, the rouble has clawed back nearly a third of its value against the dollar largely due to emergency measures. But analysts say that could be shortlived as the outlook for the US dollar remained firm and oil prices remained vulnerable.