Traders Eye Cheap Rubles as Hedge Against Trump Election Win
- PGIM, SocGen say Russian currency will rally if polls wrong
- Ruble was among the worst-performing EM currencies on Monday
Oil storage in Tuapse, Russia, crude has sunk to a five-month low following a wave of new lockdowns in Europe.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
Russia’s ruble may offer a cheap way to hedge against a presidential victory by Donald Trump after it crashed to a seven-month low on Monday.