NASDAQ/Reuters: Russian rouble hovers near 5-year highs vs euro, stocks up
May 16 (Reuters) - The Russian rouble firmed past 64 per dollar on Monday and climbed towards its highest in nearly five years against the euro, supported by continuing restrictions on currency trading.
The rouble is the world's best-performing currency this year, although this is due to artificial support from capital controls that Russia imposed to shield its financial sector in late February after sending tens of thousands of troops into Ukraine.
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Update: Ruble nears five-year high against euro (RT)
WNU editor: So much for President Biden's vow in March to crater the Russian currency with sanctions. With supply shortages and higher prices for Russian natural gas expected to get even worse at the end of this year, the spread between the Euro and Russian ruble will only get bigger.
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