美元兑卢布升至13个月高点101.24。在过去的4周里，美元-俄罗斯卢布上涨了5.55%，在过去的12个月里，它上涨了14.33%。

USDRUB increased to a 13-month high of 101.24. Over the past 4 weeks, US Dollar Russian Ruble gained 5.55%, and in the last 12 months, it increased 14.33%.

2024年9月，俄罗斯生产者价格指数较上年同期上涨2.7%，较上月5.6%的涨幅有所放缓，创下2023年6月以来最温和的生产者通胀率。矿工的生产者价格同比大幅下跌（11%），抵消了制造商（7.1%）、公用事业提供商（13.3%）以及水和废物收集商（5.5%）的大幅上涨。与上月相比，采矿成本的暴跌推动PPI下降了0.6%。

Producer prices in Russia rose by 2.7% from the previous year in September of 2024, slowing from the 5.6% increase in the previous month to mark the softest producer inflation rate since June 2023. Producer prices fell sharply on an annual basis for miners (11%), offsetting sharp increases for manufacturers (7.1%), utility providers (13.3%), and water and waste collectors (5.5%). From the previous month, the slump in mining costs drove the PPI to ease by 0.6%.

俄罗斯卢布兑美元汇率跌破100，为一年多来的最低水平，与俄罗斯其他资产在对乌克兰战争积极升级后的下跌相一致。就在乌克兰自战争开始以来首次向俄罗斯领土发射美国提供的导弹的同一天上午，普京总统更新了该国的理论，扩大了使用原子武器的可能性。在俄罗斯政府放松资本管制之际，这些事态发展增加了卢布的压力，因为货币走弱有助于克里姆林宫为其预算融资的能力。莫斯科进一步放宽了对顶级出口企业的强制转换，将其收入占比从今年早些时候的80%降至25%，大大降低了对卢布的需求。此外，卢布还受到中国经济悲观前景的压力，限制了外国对俄罗斯商品需求的预期。

The Russian ruble weakened past 100 per USD, the lowest in over one year, tracking the declines in other Russian assets following the aggressive escalation in the war against Ukraine. President Putin updated the country's doctrine to expand scenarios that warrant the use of atomic weapons in the same morning that Ukraine fired at Russian territory with US-supplied missiles for the first time since the start of the war. The developments added to pressure on the ruble amid the relaxation of capital controls by the Russian government as a weaker currency aids the Kremlin’s ability to finance its budget. Moscow eased mandatory conversion further to 25% of revenues for top export businesses, compared to 80% of revenues from earlier in the year, significantly reducing demand for rubles. Further, the ruble was also pressured by the pessimistic outlook of the Chinese economy, limiting expectations of foreign demand for Russian goods.

在唐纳德·特朗普当选美国总统和俄罗斯联邦政府逐步放松资本管制后，受美元走强的压力，俄罗斯卢布兑美元汇率跌至100，为一年多来的最低水平。对莫斯科交易所的制裁加剧了俄罗斯出口导向型公司进入外汇市场的困难，增加了公司获得外汇以执行业务并将收入重新转换为卢布的难度。因此，联邦政府进一步放宽了对顶级出口企业的强制性转换，将其收入比例从今年早些时候的80%降至25%，大大降低了对卢布的需求。此外，卢布还受到中国经济悲观前景的压力，限制了外国对俄罗斯商品需求的预期。与此同时，由于通胀预期继续上升，CBR在10月份将关键利率上调至21%的创纪录水平。

The Russian ruble weakened toward 100 per USD, the lowest in over one year, pressured by a strong dollar after the election of Donald Trump for US President and the gradual relaxation of capital controls by the Russian Federal government. Poor access to foreign exchange markets for Russian export-oriented companies was magnified by sanctions on the Moscow Exchange, increasing the difficulty for firms to secure foreign exchange to execute operations and reconvert their revenues back to rubles. Consequently, the Federal government eased mandatory conversion further to 25% of revenues for top export businesses, compared to 80% of revenues from earlier in the year, significantly reducing demand for rubles. Further, the ruble was also pressured by the pessimistic outlook of the Chinese economy, limiting expectations of foreign demand for Russian goods. In the meantime, the CBR hiked its key rate to a record of 21% in October as inflation expectations continued to increase.