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Currencies

Russian ruble continues 8-day winning streak
The ruble gained 1.5 percent against the dollar Thursday, reaching 56.08, the best performance since December 2014. The Russian currency was buoyed by rising oil prices, but experts warn crude could be a false friend for the currency.

26.03.2015 14:46

Russian ruble hits all-time 2015 high
The Russian currency is seemingly making a comeback, improving more than 3.6 percent in 2 days to bring the ruble to a 3-month high. The climb is attributed to a slight increase in oil prices as well as the approaching tax season.

25.03.2015 15:04

China meets London: UK starts first yuan money-market fund
The UK has become the first country in Europe to open a yuan-denominated money market fund, cutting out the middle man for investing in China.

25.03.2015 15:08

China-led infrastructure bank - ‘indication of de-dollarization that makes US unhappy’
The US was forced to change its mind over cooperating with the China-led development bank after its allies refused to join a boycott, which is a sign that dollar hegemony is not lasting, Lew Rockwell, chairman of the Ludwig von Mises Institute told RT.

25.03.2015 10:13

‘Ruble unstable for artificial reasons’
The US has created a belief that money would leave Russia, but money doesn’t flow out of countries that have extremely low debt and strong export earnings, Paul Craig Roberts, former US Assistant Secretary of the Treasury, told RT.

23.03.2015 11:01

Russia's 'junk' bonds paying off handsomely
Investment banks from Goldman Sachs to Bank of America, as well as Russia’s own VTB and Rosbank, are all bullish on Russian bonds. After a disastrous 2014 they may finally be heading for a revival.

23.03.2015 07:34

Iran backs notion of ruble/rial trade with Russia – ex-foreign minister
Tehran is open to the idea of conducting more trade payments in rubles and rials, not US dollars, and would support an official deal, according to Iran’s former Minister of Foreign Affairs Kamal Kharrazi.

20.03.2015 12:24

Putin proposes currency union with Belarus, Kazakhstan
It’s time to think about the prospects of creating a currency union between Russia, Belarus and Kazakhstan, President Vladimir Putin has said.

20.03.2015 10:37

‘ECB injects billions into doomed to failure eurozone’
Instead of investing money into the real economy and helping those suffering in Southern Europe, the ECB is pouring money into financial markets to be used for further speculation, Ernst Wolff, economic journalist and author, told RT.

18.03.2015 11:56

‘Mindless vandals outside and inside ECB building’
‘Blockupy’ protest in Frankfurt is because people are angry at the economic chaos caused by the ECB and other bureaucrats who are set to foist the euro autocracy on them and it doesn’t work, Patrick Young, global financial markets expert, told RT.

18.03.2015 15:40

The Middle East oil/nuclear puzzle
US Secretary of State John Kerry may be starting to enjoy the brinkmanship, as he says it’s “unclear” whether the US and Iran would reach a political framework nuclear deal before the end of this month.

17.03.2015 14:45

What the weak euro and strong dollar mean for the global economy
A weaker euro is engineered to get the European economy back on track. As with all monetary policy, this is good for some, bad for others. RT takes you through the winners and losers.

16.03.2015 13:49