Russian rouble gains 3% on first working day of 2023

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Reuters UK

By Jake Cordell (Reuters) – The Russian rouble started the first full trading day of the new year on the front foot, advancing by more than 3% against the U.S. dollar to rebound from six-month lows hit in volatile trading at the end of 2022. At 1005 GMT on Monday, the rouble had passed through the 70-mark against the U.S. dollar, trading up 3.4% at 69.68. The currency was also up 1.9% against the euro to 74.77, and was 2.2% stronger against the Chinese yuan, trading at 10.23 in Moscow. Having spent long periods of last year as the World’s best-performing currency, the Russian rouble lost 17% i…

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