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The Russian ruble is making headlines once more after having two of its most volatile days for the year next to the crude oil market. The currency has hit a new all time low this week after testing the ground above 85 Russian rubles per U.S. dollar. Exchange rate volatility was violently felt on the streets of Moscow, as retailers rushed to adjust their prices for a number of imported goods.
After hitting a new high at 85, the USD/RUB exchange rate pulled back alongside a rally in oil prices. With the pair currently trading at 78.55 Russian rubles per ... (read more)