The ruble dives after Trump tweets 'Was Obama too soft on Russia?'

The Russian ruble extended its earlier losses after US President Donald Trump tweeted about President Barack Obama’s stance on Russia with respect to Crimea.

The petro-currency is down by 1.2% at $US57.8170 per dollar as of 7:55 a.m. ET.

“Crimea was TAKEN by Russia during the Obama Administration. Was Obama too soft on Russia,” Trump tweeted around 7:42 a.m. ET.

The ruble was down by about 0.8% earlier in the morning amid weaker Brent crude oil prices, which are down by about 0.6% at $US55.63.

NOW WATCH: People with these personality traits have more and better sex

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at