The Russian ruble rises on the New Year


The Russian ruble started the first full trading days of the New Year on the rise, rising from the lowest levels in six months it reached in volatile trading in late 2022.

The Russian ruble advanced 1.4% against the US dollar by 07:00 GMT Monday, at 71.08.

The Russian currency rose by 0.2% against the Euro to 76.01 and settled against the Chinese yuan to 10.44 in Moscow.

After long periods of last year the Russian ruble was the world’s best-performing currency, in December it lost 17% after Western moves to cap the price of Russian oil and the European Union embargo on Russian oil exports.

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