Currency Note Worldwide

Good day for the Russian economy

By Ricky Bean May 26th, 2016

The Rouble improved emphatically yesterday as oil traded near the $50 a barrel and a rush of exporters swapping dollars for the local currency. This enabled the Russian currency to gain over 1% against sterling – and even more against most other currencies. It was not only economic factors that contributed to this move; after releasing the Ukrainian pilot Savchenko there is renewed hope that tensions with Russia in Europe could be quashed.

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