Russian Ruble At Near 2-year Low Against U.S. Dollar
February 22 2022 - 12:02AM
RTTF2
The Russian ruble traded lower against the U.S. dollar on
Tuesday, amid an escalation of geopolitical concerns in Eastern
Europe, following Russia's deployment of troops to the two
breakaway republics in Ukraine.
After recognizing the independence of Donetsk and Luhansk
regions, Russian President Vladimir Putin sent troops to these
areas to uphold the peace.
The White House said that new sanctions on Russia include
prohibiting "new investment, trade, and financing by U.S. persons
to, from, or in" the two breakaway regions.
The Russian ruble dipped to nearly a 2-year low of 80.97 against
the greenback from Monday's close of 80.36. If the currency slides
further, it may find support around the 82.00 level.
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