Rouble recovers from 1-week low to strengthen with Ukraine tensions in focus

By Reuters

The Russian rouble clipped a one-week low on Monday before firming past 77 against the dollar as investors digested the weekend's developments over Ukraine, with renewed hopes that diplomatic efforts may yield results. U.S. President Joe Biden and Russian President Vladimir Putin have agreed in principle to a summit over Ukraine, the French leader said on Monday, offering a possible path out of one of the most dangerous European crises in decades. At 0604 GMT, the rouble was 0.5% stronger against the dollar at 76.95, having touched 77.6950 in early trade, its weakest since Jan. 14.

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