Ruble’s Slump Mirrors Growing Odds of Biden Presidential Win
- Biden’s opinion polls are now a key driver for the currency
- Markets bet that Democrat win will increase risk of sanctions
Joe Biden
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
The Russian ruble has emerged as a barometer of Donald Trump’s chances of winning the election.
A slump in the currency in recent months has mirrored rising betting odds of Biden beating Trump on Nov. 3. After two days of gains, the ruble sank the most in emerging markets on Friday on news that the president had contracted the coronavirus.