russian currency

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    RUSSIAN RUBLE LOSES BULLISH PACE AS RCB SHIFTS FOCUS TO BOOST ECONOMIC GROWTH

    After a jaw-dropping rise in the Russian rubles, the Russian Central Bank (RCB) slammed the brakes last week with an unannounced interest rate cut, leading the ruble to fall. Russian assets nosedived as military attacks across Ukraine prompted emergency central bank action and additional...
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    RUSSIAN RUBLE HOLDS STEADY AGAINST THE DOLLAR DESPITE INTEREST RATE CUTS

    Despite the interest rate cut intended to moderate the Russian ruble’s bullish momentum, the Russian currency has stabilized around the 80 dollar mark today. At the time of writing, the ruble was little changed at 82 against the dollar, after rallying to 71 last week, which was its strongest...
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