Ruble Caps Best Streak in Year as Oil Eclipses Rate-Cut Bets

Updated on
  • Finance Ministry says Russia doesn’t need a stronger currency
  • Derivatives traders betting on deepest cuts since March 23

The ruble rallied for a fifth day as oil trading above $52 per barrel eclipsed wagers that the central bank will resume interest-rate cuts this week.

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