Russia’s Ruble Resumes Slide After Biden’s Sanctions Warning

Russia’s Ruble Resumes Slide After Biden’s Sanctions Warning

From bnnbloomberg.ca

The Russian currency and bonds retreated, trimming a rebound earlier in the week after U.S. President Joe Biden said he thinks Moscow will “move in” on Ukraine, fueling concern tougher sanctions could be on the way. The ruble bucked broader gains among emerging-market currencies, while stocks fluctuated. Bonds, which had been supported by the Finance Ministry’s decision to pause auctions, slumped, lifting the yield on 10-year debt 18 basis points. Biden Expects Russia to ‘Move In’ on Ukraine; Warns of Sanctions “The ruble will remain under pressure,” said Per Hammarlund, the chief emerging-markets ... (full story)

Biden must be the weakest American President in history.

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