04/16/25

  Russian ruble becomes world’s top-performing currency amid dollar weakness

Iskander Lutsko, the Dubai-based head of research and portfolio management at Istar Capital, noted a visible thaw in relations between Moscow and Washington, which, in his view, also played a role in making the Russian currency more attractive to investors | The Russian ruble has strengthened against the dollar by 38% in over-the-counter trading since the beginning of the year, becoming the world's most profitable currency due to the US dollar weakening amid new American duties, Bloomberg reported, citing economists.  "Unlike many emerging-market currencies, the ruble is not facing pressure from capital outflow, caused by global investors’ retreat from riskier assets," Sofya Donets, an economist at T-Investments, told the agency.

 

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