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Russian ruble falls to lowest level against U.S. dollar in a year. Here’s what’s driving it lower.

Por: MarketWatch Business April 11, 2023

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But a changing backdrop both at home and abroad has weighed on the ruble since the start of the new year, currency analysts and economists said. Since Jan. 1, the greenback has appreciated by more than 12% against the ruble, according to FactSet data. This makes the ruble the second-worst-performing major emerging-market currency after the Argentine peso, according to Marc Chandler, chief market strategist at Bannockburn Global Forex. On Monday,... + full article



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