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Russian rouble crowned world’s best-performing currency as dollar declines

Vladimir Putin’s capital controls have prevented foreign firms from moving currency out of Russia and bolstered the price of the rouble - Gavriil Grigorov/Sputnik/Pool via Reuters Russia’s rouble has become the world’s best-performing global currency as Donald Trump’s tariff war upends financial markets. The rouble has strengthened 38pc against the dollar since the start of the year, according to data compiled by Bloomberg, following a dramatic fall in confidence in the US currency. Its returns have vastly outpaced the next best performing currencies, the Swedish krona and Swiss franc, which...
Currencies

Russian rouble crowned world’s best-performing currency as dollar declines

Vladimir Putin’s capital controls have prevented foreign firms from moving currency out of Russia and bolstered the price of the rouble - Gavriil Grigorov/Sputnik/Pool via Reuters Russia’s rouble has become the world’s best-performing global currency as Donald Trump’s tariff war upends financial markets. The rouble has strengthened 38pc against the dollar since the start of the year, according to data compiled by Bloomberg, following a dramatic fall in confidence in the US currency. Its returns have vastly outpaced the next best performing currencies, the Swedish krona and Swiss franc, which...
Currencies

Russian rouble crowned world’s best-performing currency as dollar declines

Vladimir Putin’s capital controls have prevented foreign firms from moving currency out of Russia and bolstered the price of the rouble - Gavriil Grigorov/Sputnik/Pool via Reuters Russia’s rouble has become the world’s best-performing global currency as Donald Trump’s tariff war upends financial markets. The rouble has strengthened 38pc against the dollar since the start of the year, according to data compiled by Bloomberg, following a dramatic fall in confidence in the US currency. Its returns have vastly outpaced the next best performing currencies, the Swedish krona and Swiss franc, which...
Currencies

Russian rouble crowned world’s best-performing currency as dollar declines

Vladimir Putin’s capital controls have prevented foreign firms from moving currency out of Russia and bolstered the price of the rouble - Gavriil Grigorov/Sputnik/Pool via Reuters Russia’s rouble has become the world’s best-performing global currency as Donald Trump’s tariff war upends financial markets. The rouble has strengthened 38pc against the dollar since the start of the year, according to data compiled by Bloomberg, following a dramatic fall in confidence in the US currency. Its returns have vastly outpaced the next best performing currencies, the Swedish krona and Swiss franc, which...