The Russian ruble weakened against the U.S. dollar ahead of European session on Wednesday.

Against the greenback, the ruble fell to a 2-day low of 39.97 from an early 5-day high of 39.29. At yesterday's close, the ruble was trading at 39.55 against the greenback.

If the ruble extends its downtrend, it is likely to breach record low of 40.12 set last week.

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