Ruble Strengthens for Second Day Versus Dollar as Oil Advances
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The ruble climbed for a second day against the dollar as the price of oil, Russia’s main export, rallied after U.S. data bolstered optimism in the world’s largest economy.
The ruble added 0.4 percent to 30.19 against the dollar, and retreated 0.2 percent to 40.3825 versus the euro by 11:50 p.m. in Moscow. The currency of the world’s biggest energy exporter added 0.1 percent 34.7791 against the dollar-euro basket the central bank targets to smooth exchange-rate moves that crimp exporter competitiveness.