Ruble at 1-Year High May Gain More, Credit Suisse, BlackRock Say

Updated on
  • Russian currency preferred over lira, rand amid oil’s recovery
  • Correlation with crude has risen from one-year low in August

The ruble extended the biggest gains among its emerging-market peers in the past month as Credit Suisse Group AG and BlackRock Inc. said oil’s recovery signals the rally has further to run.

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