Ruble Gains to Week High as Crude Rebounds on Europe Optimism
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The ruble climbed to the highest in almost a week against the dollar as crude oil, Russia’s main export earner, advanced amid optimism Europe’s debt crisis can be contained.
The ruble strengthened 0.5 percent to 31.0450 per dollar by 7 p.m. in Moscow, rebounding from an earlier decline of as much as 0.4 percent. The Russian currency gained 0.2 percent against the euro to 40.0500 and was up 0.3 percent versus the central bank’s euro-dollar basket.