Ruble Gains Second Day Before ECB Meeting, Erases Earlier Losses
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The ruble strengthened for a second day, erasing earlier losses, before the European Central Bank meets tomorrow to decide on its bond-buying plan.
The ruble advanced less than 0.1 percent to 32.2900 at 7 p.m. in Moscow after falling as much as 0.6 percent. Russia’s currency was 0.3 percent weaker versus the euro at 40.7074 and retreated 0.1 percent against the central bank’s target euro-dollar basket.