The ruble is firming


The Russian ruble is firmer amid oil gains.

The currency is up 0.4% at 62.4228 per dollar as of 11:52 a.m. ET.

Meanwhile, prices for Brent crude oil, the international benchmark, are higher by 2.0% at $51.85 per barrel and prices for WTI crude are up 2.2% at $49.75 per barrel.

Separately, data released on Tuesday showed that Russian inflation dipped to 6.4% year-over-year in September – the slowest rate since February 2014.

As for the rest of the world, here’s the scoreboard as of 7:43 a.m. ET.

    The euro is little changed at 1.1197 against the dollar. Earlier, the eurozone’s services PMI came in at 52.2 for September, above expectations of 52.1. The British pound fell below $1.27 in early trade on Wednesday for the first time in 31 years. It has since recovered some of its losses and is now up 0.2% at 1.2746 against the dollar following the release of manufacturing PMI, which came in at 55.4, above expectations of 52.1. The US dollar index is little changed at 96.20 after data showing that the services sector made a massive comeback in September, ADP private payrolls rose less than expected, US oil inventories unexpectedly fell, and factory orders unexpectedly rose. The Australian dollar is little changed at .7618 against the dollar. The Japanese yen is down by 0.6% at 103.53 per dollar.