Investors Bet Ukraine-Russia War Will Be Averted

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Russian troops are continuing to build up on the Ukrainian border, but investors are piling into bets that there won’t be a war.

The Russian ruble and Ukrainian hryvnia have strengthened against the dollar in recent days, appreciating 3% and 1.5%, respectively, for the month earlier on Friday. The currencies traded at multiyear lows in the last week of January.



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