The ruble’s strengthening on oil

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Visitors walk by ‘Keep a cool head’ exhibition by Austrian artist Erwin Wurm in Moscow, June 24, 2008.
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Denis Sinyakov/Reuters

Good afternoon!

The Russian ruble is still going strong as oil prices gain for the first time in 7 days.

The currency is up by 1.4% at 64.8736 per dollar while Brent crude oil is up by 3.3% to $48.73 per barrel as of 1:43 p.m. ET.

As for the rest of the world, here’s the scoreboard:

    The euro is stronger by 0.5% at 1.1284 against the dollar after the latest data showed that wages in the eurozone grew by 1.8% year-over-year in the first quarter. The British pound is up by 1.0% at 1.4339 against the dollar. Separately, the EU referendum campaigns have been suspended following the killing of Labour Party lawmaker Jo Cox. The Japanese yen is little changed at 104.21 per dollar. On Thursday, Japan’s finance minister pumped up his rhetoric about a stronger currency after the yen reached up to 103.55 per dollar. The US dollar index is weaker by 0.4% at 94.16 after housing starts fell less than expected and the oil rig count rose for the third straight week.