Ruble Trims Monthly Slump as Oil, Turkey Rift Highlight Risks

Updated on
  • Promsvyazbank expects currency to weaken to 68/$ by week-end
  • Putin on Saturday announced sanctions against Turkey

The ruble rose, trimming the biggest monthly decline since August, as escalating tensions with Turkey and signals that OPEC won’t reduce output this week underpinned the risk that losses will resume.

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