Euro to ruble calculator: Dollar regains strength after economic data

“More importantly, the U.S. announced another round of tougher sanctions . Recall that inflation spiked up to 175% in 2015 as Ukraine-related sanctions hit and the ruble plunged,” they said. “The bank was forced into an aggressive tightening cycle, hiking rates from 5.5% to 17% in less than a year. We believe a similar dynamic will be seen in the coming months.” 

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