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How Russia’s Central Bank Engineered the Ruble’s Rebound
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The ruble is in a central-bank-induced coma.
While Russia’s currency can still see sharp swings in a day, it has trimmed its steep losses and begun to stabilize. It is now trading at around 99 rubles to the dollar, about 17% weaker than it was before Russian troops invaded Ukraine on Feb. 24 but stronger than its record low of 151 on March 7, according to FactSet.
Read more on wsj.comAbout this in other media
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