Russia Wins Currency War, Even if it Doesn’t Want to

“The ruble weakened to a record for the fifth day on concern Russia will quicken its move to a free float after more than $20 billion of interventions this month failed to halt the depreciation,” Bloomberg reported today, the same sort of line we’ve been seeing for weeks – in an environment when all…

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Russia Wins Currency War, Even if it Doesn’t Want to

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