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The Russian ruble is dipping

Mar 20, 2017, 11:33 PM 
Russian ruble is weaker.

The petrocurrency is down by 0.7% at 57.6120 per dollar as of 8:13 a.m. ET.

Meanwhile, Brent crude oil, the international benchmark, is down by 1.1% at $US51.18 per barrel.

Later on Monday, Russia will be out with a slew of economic data, including PPI, retail sales, and industrial production.

And looking further ahead in the week, the Central Bank of Russia is meeting on Friday. The interest rate decision “will be a close call, but we think it is most likely that the recent decline in inflation will prompt the Board to cut the one-week repo rate by 50 basis points to 9.50%,” Capital Economics’ William Jackson wrote in a note.

As for the rest of the world, here’s the scoreboard as of 8:18 a.m. ET:





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