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5/3, 3:44 PM (Source: TeleTrader)
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Ruble highest against dollar since March 2020

The Russian ruble extended gains on Tuesday, reaching its highest point since March 2020 against the dollar, while staying at a two-year high against the euro. On Monday, Hungary announced it will block EU sanctions against Russian oil. Meanwhile, the EU's High Representative Josep Borrell stated the bloc will ban more Russian banks from the international SWIFT payment network.

The dollar dropped 4.8% compared to the ruble at 9:43 am ET, going for 67.56, while the euro fell by 4.33% and sold for 71.26.

Baha Breaking News (BBN) / DJ