Ruble Continues Seeing Weakness vs. U.S. Dollar Following GDP Data (RSX) (RUSS)
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E-mailThe Russian ruble is continuing to see pressure Monday following economic data out of the country.
Russia's economy ministry said GDP fell 0.5 percent last month, the first drop for the metric since September 2009. The Russian government recently forecast that GDP could fall as much as 4 percent next year.
The U.S. dollar rose to over 58.6 per ruble, from an earlier exchange rate of 53.49 per dollar.
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