Troubled rouble hit by oil price

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Troubled rouble hit by oil price

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The Russian rouble continued to slide on Monday, a result of falling oil prices that have slumped to a four month low.

By midday Central European Time the euro was trading at 66 roubles for the first time since the middle of March, a fall of around 1.6 percent. It was also down around one percent against the dollar.

Key events that could further affect the rouble this week include meetings of the Central Banks in the US and in Russia.

An announcement is expected on US interest rates from the Fed on Wednesday and the Central Bank of Russia is due to make an announcement on Russian interest rates at the end of July.