Ruble Falls as Moody's Says Russia Among Most Vulnerable to Fed
- Deputy Finance Minister downplays Fed risks after 50% slide
- ING Groep says oil-price direction remains key risk for ruble
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The ruble weakened for the first time in four days, pressured by a decline in oil, as Moody’s Investors Service named Russia among four emerging markets most at risk from a potential increase in U.S. interest rates.
The Russian currency slipped 0.6 percent to 65.856 per dollar by 6:22 p.m. in Moscow, surpassed only by South Africa’s rand and Brazilian real, which along with the Turkish lira were cited by Moody’s as facing "exchange rate and financial-market instability."