Ruble Has Worst Week in 11 Years as Russia Says Ready to Act - Bloomberg

Ruble Has Worst Week in 11 Years as Russia Says Ready to Act - Bloomberg:



"The ruble capped its worst week in at least 11 years as the Russian central bank pledged its readiness to support a currency battered by oil’s slide and worsening tension in Ukraine’s east.



The ruble climbed 0.3 percent to 46.7070 per dollar at 7:53 p.m. in Moscow, trimming’s this week’s drop to 7.9 percent, the most since at least 2003. Ten-year government bonds declined for a third week, while wagers for interest-rate increases rose for the first time in eight days.



The central bank is “ready to increase foreign-currency interventions at any moment, as well as to use its other financial-market tools,” according to a statement released after the ruble slid as much as 3.7 percent to a record 48.6495. New fighting in Ukraine and Brent’s longest weekly retreat in 13 years have weighed on the nation’s assets since the Bank of Russia abandoned its currency-intervention policy on Nov. 5."



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