Currency Note Worldwide

Russian rouble suffers

By Ricky Bean June 2nd, 2016

The Russian rouble suffered yesterday as it was one of the only currencies to perform worse than sterling. In May alone investors have pulled $160.5 million from VanEck Vectors, Russia’s largest exchange traded fund, amid fears of another US interest rate hike. This is the largest monthly withdrawal since September 2013 as the odds of an interest rate hike doubled, a prospect that will worry most emerging markets.

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