Daily 11 April 2018

The Russian rouble’s worst week in 4 years, play by play

Russia has already been living under Western sanctions for four years, but this week the rouble suffered its biggest fall since December 2014 — despite rising oil prices. We therefore conclude: Russia’s currency, which for decades was tied to the price of Brent, is now tied to an even less reliable benchmark — Donald Trump’s Twitter account.

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