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Russian rouble slides to near 16-month low vs euro
The rouble fell to a near 16-month low against the euro on Wednesday and weakened against the dollar and yuan, with the Russian currency under lingering geopolitical pressure and unable to take advantage of domestic drivers. The Russian currency has been gradually weakening all year as exports fall and imports recover, but pressure intensified sharply after an abortive armed mutiny by the Wagner mercenary group in late June. At 0757 GMT, the rouble had lost 0.7% to trade at 102.68 versus the euro, its weakest point since March 28, 2022. It was 0.5% weaker against the dollar at 91.37 and had shed 0.3% against the yuan ... (full story)