Currencies
Trump’s Overtures to Russia Make Ruble Year’s Star Performer
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Russia’s currency has gained against the dollar amid a dramatic shift in US policy toward Vladimir Putin in the early days of Donald Trump’s administration.
The ruble has strengthened 13% versus the greenback since the beginning of the year, making it the best performing currency in the emerging market universe, data from the Bank of Russia and Bloomberg show. The central bank set the ruble’s official exchange rate at 88.51 to the dollar for Friday, the strongest since August.