Ruble Gains Most in Eastern Europe as Crude Rebounds Above $50
- Currency rises after falling the most in a month on Wednesday
- Oil supports ruble as markets await U.K. referendum: Aljba
This article is for subscribers only.
The ruble led an advance among emerging-market peers in Eastern Europe and bonds rose as oil traded above $50 a barrel against the backdrop of the U.K.’s referendum on membership in the European Union.
The Russian currency rose 0.9 percent to 64.30 against the dollar by 6:20 p.m. in Moscow as Britons headed to the polls. Brent crude, the benchmark used to price the country’s main export blend, gained 0.4 percent to $50.06 a barrel in London. Bonds advanced for a second day, with yields remaining at a two-year low.