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.