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The Ruble Is Suddenly Surging Back

Mike BirdOct 30, 2014, 17:08 IST

The Russian Ruble is suddenly reversing after last week's sell-off and just one day after the ruble fell to record lows against the dollar and euro.

Here's the 3.77% drop of the euro against the resurgent ruble, just now:

Bloomberg

The dollar is also dropping against the Russian currency, down 2.57% to fewer than 42 rubles.

Meanwhile, markets around the world are getting crushed.