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Russia Exchange Rate against USD
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This, coupled with improving investor sentiment and increasing risk appetite for emerging market assets, supported the ruble in recent weeks, sending it to a near three-month high on 2 June. Going forward, the ruble is expected to remain close to current levels through year-end, although significant volatility due to the economic fallout from Covid poses significant risk. On the one hand, the Russian economy is set to contract severely from Q2 onwards, weighing on the RUB in turn, with sustained monetary policy easing adding further downward pressure.
On the other hand, a more stable global oil market and improving investor sentiment should take some pressure off the currency.
Dollar/Ruble rate
The FocusEconomics panel projects the ruble will end this year at Click on the button below to get started. Sign Up. Read more.
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Russian Rouble/US Dollar FX Cross Rate
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Financial market chart. Currency pair. Acronym RUB - Ruble currency.