Emerging Currencies Rally With Oil as ECB Boosts Risk Appetite

  • Russia's ruble, South African rand gain as crude tops $40
  • Currency volatility rises, highlighting fragility of rally

Emerging-market stocks and currencies rose for a second week and bonds rallied as oil’s rebound above $40 a barrel and European stimulus boosted demand for riskier assets.

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