Russian Ruble Is Mixed After Tuesday's Collapse

December 17, 2014 8:12 AM

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Russia's embattled ruble extended a week of catastrophic losses by dropping 4 percent at the opening of trading in Moscow.

The world's worst-performing currency along with the Ukrainian hryvnia, the ruble has lost more than 50 percent of its value this year. It traded at 70.7 per dollar Wednesday morning, or 4 percent lower than at the closing on Tuesday.

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