MOSCOW, June 24 (RIA Novosti) - The Russian ruble is continuing its rollback against the US dollar and the euro, trading around local highs since late January, according to the Moscow Stock Exchange (MICEX).
In early trading Tuesday, the dollar has lost around 0,5 percent against the ruble, with the euro showing a similar trend. The exchange rate of the dollar is fluctuating around 34 rubles, a minimal level since late January. The euro is also trading low for the first time in the same period.
The Russian currency is winning back the previous losses driven by geopolitical risks around the situation in Ukraine. Investors show greater confidence that the Ukraine-related downward pressures are gradually starting to fade away.