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USD/RUB: Here’s why the Russian ruble is soaring
USD/RUB: Here’s why the Russian ruble is soaring
  • The USD/RUB exchange rate has crashed to its lowest level since 2023.
  • China will likely increase its Russian energy purchases.
  • Technicals point to a USD/RUB crash to 74 this year.
The USD/RUB exchange rate continued to fall this week as traders monitored new developments in the Russian-Ukrainian war. It also dropped after media reports showed that China was increasing its purchases of Russian gas. It dropped to a low of 81, its lowest level since June 2023.  Why Russian ruble is surging The Russian ruble […]
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