Ruble hits near 2-year high against euro, 5-month high against dollar — Sott.net

© Alexey Shohorukov/SputnikThe Russian ruble strengthened against both the euro and the US dollar on Tuesday, trading data from the Moscow Exchange shows. As of 10:07 GMT the Russian currency had jumped roughly 0.96% compared to the end of the previous day’s trading to 76.42 rubles against the euro, its highest in nearly two years, and gained around 0.92% against the greenback to trade at 72.45 per dollar, reaching a five-month high.

The rally comes as the market expects companies to make a record 3 trillion rubles ($40.