The Russian ruble weakened against the U.S. dollar in the early European session on Tuesday, amid expectation that the central bank may cut its key rate at a monetary policy meeting on Thursday.

Against the greenback, the ruble fell to a 1-week low of 52.59 from an early high of 50.99.

If the ruble extends its downtrend, it is likely to find support around the 60.00 area.

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