A woman holds new 200 and 2,000 rouble banknotes in a bank in Moscow, Russia November 21, 2017. REUTERS/Maxim Shemetov
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Russia's ruble extended losses Wednesday to hit its weakest since November 2016 as selling continued in the wake of new U.S. sanctions and as geopolitical tensions over Syria rose, with Turkey's lira also plumbing another record low.Russian credit default swaps were at 154 basis points, up three basis points from Tuesday's close according to IHS Markit, but down from the eight-month high of 158 basis points touched in the previous session.Russian dollar debt also found a floor, with the average yield spread of Russian sovereign bonds over safe haven U.S. Treasuries on the JPMorgan EMBI Global Diversified index falling three basis points to 232 basis points.The Turkish lira fell almost 1 percent to another record low, while five-year credit default swaps jumped to a fresh 4-1/2 month high of 215 basis points, up six basis points from Tuesday's close according to IHS Markit data.The Kazakh tenge lost another 1 percent to hit a three-month low, following the ruble down.
FOLLOW THIS ARTICLE