Soaring energy prices push Russian ruble to multi-month highs against dollar & euro

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The ruble has reached its strongest levels in months against the US dollar and the euro, as soaring global energy prices boost the Russian national currency.

The ruble was holding steady against the US dollar at 71.84 on Tuesday morning, not far from the four-month high of 71.5550 reached in the previous session. The currency was unchanged versus the euro, trading at 83.04, close to its strongest level since July 2020, when it hit 82.75.

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