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US Dollar Struggles While Ruble Rises 38%—Is a New Economic Order Coming?
US Dollar Struggles While Ruble Rises 38%—Is a New Economic Order Coming?
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The U.S. dollar vs Russian ruble relationship has dramatically shifted in 2025. At the time of writing, the Russian currency has gained about 38% against the U.S. dollar, becoming this year’s top performer. This unexpected strength raises questions about potential changes in global currency dynamics. The Russian ruble has outperformed even gold, which has reached record highs amid ongoing geopolitical tensions and uncertainty.
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