Ruble Slumps With Crude Oil as Credit Suisse Sees New-Year Rally

Updated on
  • Bank of Russia may buy $8 billion in 1Q, Credit Suisse says
  • Alexey Pogorelov predicts 50bps of rate cuts by year-end

The ruble weakened the most worldwide, sinking in lockstep with falling crude prices. Credit Suisse Group AG predicted the currency of the world’s biggest energy exporter will rally in the new year, triggering a resumption of dollar-buying by the central bank.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.