Worst Is Over for Ruble
Worst Is Over for Ruble

Worst Is Over for Ruble

Worst Is Over for Ruble

The Russian ruble is climbing. The currency is up 0.45% at 65.039 per dollar as of 7:39 a.m. ET, Business Insider reported. Meanwhile, Brent crude prices are higher by 0.2% at $47.17 per barrel. In the longer-term view of things, a Deutsche Bank team led by Elina Ribakova believes that when it comes to the ruble, “the worst of deleveraging seems behind us.” “We expect the ruble to appreciate to 61.5 against the dollar by end 2016 and 57.5 by end-2017 assuming oil price of $45 per barrel in 2016 and $50 per barrel in 2017,” they wrote in a note to clients.


Short URL : https://goo.gl/1b7OEK
  1. https://goo.gl/tcAEj2
  • https://goo.gl/FHcLBq
  • https://goo.gl/akm2N3
  • https://goo.gl/VSbjY0
  • https://goo.gl/NU8G0Q

You can also read ...

The New York Stock Exchange
Billionaire Warren Buffett prodded ordinary investors on...
Strong Euro a Headache for ECB
In recent weeks, the euro has been at its highest level,...
Saudi Jan Inflation Shoots Up to 3%
Saudi Arabia’s annual consumer price inflation jumped to 3% in...
(P)GCC Facing Three Major Challenges
The (Persian) Gulf Cooperation Council—Bahrain, Kuwait, Oman,...
Oman Reports Trade Surplus
The Sultanate of Oman’s trade balance during the first ten...
Lower Electricity Bills for Cambodia Businesses
Cambodia seeks to lower electricity fees for companies in the...
Philippine to See 7% GDP Growth
The Philippine economy is seen to expand by 7% this year,...
Pakistan Says FATF Will Not Affect Economy
Advisor on finance and economic affairs, Miftah Ismail has...