Ruble Gains on Oil as Credit Risk Falls on Easing Crimea Tension

Updated on
  • Investors comforted by lack of headlines over weekend: Nomura
  • Hedge funds trimmed bets last week that ruble will climb

The ruble advanced the most in emerging Europe and the cost of insuring Russian debt against default dropped as calls for an easing of tensions in Crimea allowed investors to focus on the rally in oil.

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