Ruble Follows Emerging Markets Lower as Brexit Curbs Risky Bets

  • Russian currency pares second-strongest gain this year in EM
  • Stocks and bonds also lower as trading resumes after holidays

What Would a Brexit Mean for Russia?

Russia’s ruble sank as oil fell below $50 per barrel and the possibility Britain will pull out of the European Union damped investor appetite for riskier assets in developing nations.

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