The yen and Swiss franc were the winners on Tuesday as risk aversion swept global markets, underpinning flows into safe haven currencies.
Alexey Kornya, CFO of MTS, explains what are the challenges facing the Russian economy, including the drive to reduce its dependency on commodities.
The dollar rallied after U.S. Federal Reserve Chair Janet Yellen left the door open to a hike in interest rates later this year.
The U.S. dollar extended its decline against the euro on Thursday.
The dollar slipped against the euro on Wednesday after Mario Draghi said the ECB needed more time to assess whether to boost QE.
The dollar hit an almost two-week high after comments from Fed officials revived expectations of a U.S. interest rate hike this year.
The Brazilian real hit a new all-time low on Tuesday after authorities announced a massive austerity package at a time when the economy is shrinking fast.
The U.S. dollar strengthened against a basket of major currencies on the view that the Fed was on track to hike rates this year.
The dollar rebounded from a three-week low on Friday, a day after the Federal Reserve kept U.S. interest rates on hold.
The Fed's inactivity has left no doubt in analysts' minds that other central banks will now look to ease policy further.
The dollar hit session lows against the euro and fell versus the yen following the much-anticipated policy decision by the Federal Reserve.
The dollar slid on Wednesday, as a surprise decline in U.S. inflation last month tempered expectations that the Federal Reserve would raise rates.
The dollar rose on Tuesday, as Wall Street rallied on solid retail sales data.
Vitaly Nesis, CEO of precious metals miner Polymetal, says the oil and ruble slump have both helped offset the pinch of low gold prices .
The dollar hit an almost three-week low ahead of this week's Federal Reserve meeting, as investors bet interest rates would be held.
The Swiss Franc has recently defied its decade-long safe haven status.
The dollar was lower on Friday in thin, listless trading ahead of next week's Federal Reserve policymaking meeting.
Dmitry Polevoy, chief economist for Russia and CIS at ING, says the Chinese slowdown and falling oil prices were key drivers behind the Bank of Russia's decision.
Chris Weafer, senior partner at Macro Advisory, says change in the Russian government's approach to monetary policy is one of the causes for the currency's weakness.
Russia's central bank decides to leave its key rate at 11 percent.