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Politics : Politics for Pros- moderated
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To: Neeka who wrote (763008)5/20/2022 12:38:43 PM
From: isopatch4 Recommendations

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Euro/Ruble/Dollar Currency War bullet points. "Follow the money."

<On Friday the ruble surged to the highest level in seven years against the euro, thanks in large part to the Putin-ordered mandatory conversion of foreign currency by export-focused companies, also as China and India (and much of Europe) are still buying Russia's energy and agricultural products... despite the loud the threats coming from Washington, which have lately included a potential move to block Russian sovereign debt payments.

At this point the Russian currency is about 20% stronger than pre-invasion, as the war grinds on into its fourth month. Jumping as much as 9% against the Euro, the ruble last hit this level in June 2015...

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And the Ruble is at its strongest against the dollar since 2018...



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Excerpted from:

zerohedge.com
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