Politics Eclipse Carry as Ruble Tumbles After U.S. Syria Strikes
- Russian currency sinks most among global majors as risks mount
- Investors can no longer close eyes to geopolitics: Sputnik
Worldwide Reaction to U.S. Military Strikes on Syria
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Russia’s ruble fell the most among major global currencies on Friday and the nation’s borrowing costs climbed after U.S. airstrikes on Syria dimmed hopes for improved ties under Donald Trump.
The Russian currency weakened 1.4 percent against the dollar by 6:20 p.m. in Moscow, the most in almost a month, after Russian President Vladimir Putin slammed the attacks as an “act of aggression.” Stocks posted the steepest drop worldwide, credit default swaps climbed for the first time this week, and yields on local-currency government bonds advanced.