The ruble weakened the most worldwide, sinking in lockstep with falling crude prices. Credit Suisse Group AG predicted the currency of the world’s biggest energy exporter will rally in the new year, triggering a resumption of dollar-buying by the central bank. The ruble fell for the first time in four days as oil tumbled on data that showed the Chinese economy grew at the slowest pace since 2009 in the third quarter. Russian policy makers will cut interest rates 50 basis points by the end of the month as the ruble stabilizes and may need to intervene to tame its gains in the first quarter, Credit Suisse economists said in a note today. “Neither the commodities markets nor the currencies markets have fully absorbed the Chinese data, so there’s a chance the ruble will test the level of 62.50 to 63 in the next few days,” Evgeny Koshelev, an […]