WATCH: While investors in North American breathed a sigh of relief today as the collapse of oil came to a brief halt, those is Russia are still holding their breath. The ruble lost 19 percent of its value today. Eric Sorensen looks at what it all means.
MOSCOW – Russia’s embattled ruble appeared to be regaining some of its catastrophic losses in early trading on Wednesday, boosted by the finance ministry’s announcement that it is about to intervene to support the currency.
The ruble lost over 15 per cent of its value this week despite Tuesday’s massive interest rate hike by the …read more
Source: Global TV
