Ruble

The ruble pared some of its losses later in the day trading at. The ruble and stocks paused their historic slump as Western sanctions in response to Russias invasion of Ukraine appeared less severe than some had expected.

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In Moscow with the greenback up 1045 against it from the previous day.

. In addition riskier commodity-linked currencies like the Australian dollar also tanked as Ukraine said Russia had launched a full-scale invasion. Find information for Russian Ruble RUBUSD Quotes provided by CME Group. After Russia fired missiles at several Ukrainian cities and landed troops on the south coast the ruble plunged to a record low on Thursday while the euro plunged to a multi-year low against the Swiss franc.

Options pricing suggests theres a 50 chance the ruble will sink to a record low against the dollar within the next two months --. The ruble was trading at 8989 to the dollar at 840 am. Sanctions against Russia.

The ruble has come out as undervalued against the dollar on the Index for the last decade. The benchmark MOEX index was up 20. Russias currency has seen a turbulent start to the year.

The Russian ruble fell in tandem passing the 80-per-dollar mark and encroaching on its record lows of 856 from 2016.

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