Russian Ruble Plummets to 15-Month Low Amid Political Turmoil

The Russian rouble hit its lowest point in nearly 15 months against the dollar on Monday, following an aborted mutiny by heavily armed mercenaries in Russia over the weekend. The rouble was 0.5% weaker against the dollar at 85.15, after hitting 87.2300 in early trade, its weakest point since late March 2022. Investors globally were watching for ripple effects from the aborted mutiny, with some expecting a move into safe havens such as U.S. government bonds and the dollar. Brent crude oil, a global benchmark for Russia's main export, was up 0.8% at $74.43 a barrel.