The Russian ruble's had a good start in 2017 — but there are a few unusual things about the recent rally. The Russian ruble has had a good start to 2017.
The currency has climbed by nearly 6% against the US dollar since the start of the year, and has been the best performing emerging market currency in February.
It is down by 0.6% at 57.5953 per dollar as of 12:01 p.m. ET — but is still around levels last seen back in July 2015.
Notably, there are a couple of unusual things about the currency’s recent appreciation: first, the …read more
Source: Pulse Nigeria