| Russia’s ruble Tuesday sank to its lowest levels since a run on the currency mid-December, wounded by a fresh slump in oil prices and rising fears that the central bank’s emergency measures to rescue the currency last month aren’t enough to staunch the crisis.
New selling pressure is possible before the end of the week, traders say, when Russian government officials are expecting rating firm Standard & Poor’s to downgrade Russia’s status to junk...............................................Full Article: Source
|