Russian Ruble Extends Losses

December 3, 2014 8:37 AM

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The Russian ruble has extended a week of decline, fueled by low oil prices and Western sanctions against Russia over its role in Ukraine's crisis.

The ruble traded 1.7 percent lower at 54.8 against the U.S. dollar on Wednesday morning, losing over 16 percent of its value in the past five trading days.

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