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RUB: back in the red

 
12.11.2014

Yesterday, RUB weakened 2.3% against USD to close at 46.69. The Russian currency slipped amid struggling crude oil as Brent touched USD 80/bbl. However, the rest of EM FX traded on a firmer footing: the composite EM FX index closed a little in the black, while ZAR outperformed. picking up 0.5% vs. USD. RUB is now the most volatile currency amid EM FX peers, succeeding the previous ‘champion’, BRL.

Maxim Korovin, Tatyana Zueva
VTB Capital analyst

Tags:
ruble

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