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MOSCOW (Reuters) – The Russian ruble experienced a third straight fall on Friday, approaching its lowest level since May, as investors preferred to reduce risk before the weekend against the US. growing uncertainty in global markets.
The ruble is a victim of turmoil in global financial markets, exacerbated this week by fears of a possible recession in the US economy, a slowdown in Germany and a trade dispute between Washington and Beijing.
Around 1450 GMT, the ruble fell 0.5% against the US dollar, to 66.41 to the dollar, heading to 66.59, its lowest level since May 3.
So far this week, the ruble has dropped about 1.7% against the dollar.
Against the euro, the ruble fell 0.3% to 73.64.
(Reuters)
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