Ruble Rallies to 2015 High Following Ukraine Truce and Oil Gains, The ruble climbed to the strongest level this year as stabilizing oil prices and a cease-fire in Ukraine propelled the currency of the world’s biggest energy exporter to the best performance in emerging markets.
Russian assets are rebounding as Brent crude was set to close the week above $60 a barrel for the fourth time and the highest deposit rates among 18 emerging-markets lure investors even as the central bank unwinds its emergency interest-rate increase. Ukraine withdrew more weaponry from the frontline in its easternmost regions as the peace accord signed Feb. 12 takes hold.Read More
Russian assets are rebounding as Brent crude was set to close the week above $60 a barrel for the fourth time and the highest deposit rates among 18 emerging-markets lure investors even as the central bank unwinds its emergency interest-rate increase. Ukraine withdrew more weaponry from the frontline in its easternmost regions as the peace accord signed Feb. 12 takes hold.Read More
