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USD/RUB Sheds as Much as 1% as Pair Approaches 50-DMA

RUSSIA
  • USD/RUB on the MICEX exchange is trading 0.85% in the red at typing. The pair reached as low as 91.0450, where it closely matched the 50-DMA. Overall, price remains contained within its recent ranges.
  • Domestic news flow is light today, with local press focussing on the recent missile and drone attacks on Ukraine.
  • There are no major data releases on the docket today, or indeed for the remainder of the week. The next key economic release is CPI data on Jan 12.

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