00:57 GMT02 April 2020
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    Deutsche Bank experts think that the Russian ruble has become an attractive currency for investors amid Donald Trump's victory.

    MOSCOW (Sputnik) — The Russian ruble has become an attractive currency for investors seeking to minimize the impact of Donald Trump's victory in Tuesday's US presidential election, Deutsche Bank experts said Monday.

    "We view the ruble as one of the most attractive emerging markets in this new post-election world – a good place to ‘hide’ in emerging markets where investors can earn very high carry while having limited exposure to U.S. rates and Trump’s policies," Deutsche Bank analyst Gautam Kalani said in a note obtained by the Bloomberg news agency.

    Trump secured a victory in the US presidential election on November 8, with 290 electoral votes against his Democratic rival Hillary Clinton's 232. Trump's inauguration will be held on January 20, 2017.

    News of the Republican's victory caused turbulence on US markets and across some exposed Asian markets. While stocks have largely fared well despite some selloffs, US interest rates spiked, with 10-year bonds rising to over 2.2 percent by Monday after a week-long surge from less than 1.8 percent; 30-year bonds were up to nearly 3 percent from around 2.6 percent a week before.

    Experts have warned that Trump's proposed tax cuts and infrastructure investment could lead to an era of high interest rates and rising inflation.

    The US dollar took a hit after election results, falling almost 2 percent against the euro since November 8, while both the yen and the yuan fell against the dollar.

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    Tags:
    safe haven, ruble, Deutsche Bank, Donald Trump, Russia
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