Russia FX/Rates Snapshot - February 21, 2022. Hopes for De-Escalation Supporting Ruble
This morning, the ruble has firmed to 76.7 this morning. If the contact group does in fact meet and manages to secure a reduction in shelling in the Donbass, the ruble will be further buoyed and would likely gain a foothold at around 76.5 and could even approach 76.
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