020 7898 0500After recording their longest losing streak since 2011 on Monday, the Russian’s fortunes changed yesterday as the rouble gained 2% against the dollar. It actually means that over the month of March it has enjoyed a 12.3% appreciation, greater than that of crude oil.
The South African rand has also experienced rapid strengthening this week, after gaining over 4% on sterling. With very little data out to explain such a big move, one could suggest that the investigation surrounding President Zuma is actually having a positive effect!
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