Russian ruble proves irresistible to emerging market investors, continuing its meteoric rise

Russian ruble proves irresistible to emerging market investors, continuing its meteoric rise

The ruble continues its seemingly unstoppable rally boosted by foreign investors seeking high yield returns. The currency has gained over 30 percent against the US dollar in just over a year.

On Thursday, the ruble rose 0.4 percent versus the greenback and was trading at 56.35 at 7:35am GMT, and gained 0.6 percent to 60.60 against the euro.

 

0
Like
Save