- Analytics
- News and Tools
- Market News
- USD/RUB: Exceptional Rouble gains from this year to reverse gradually – MUFG
USD/RUB: Exceptional Rouble gains from this year to reverse gradually – MUFG
The Russian Rouble has been one of only a handful of EM currencies that has outperformed the US Dollar this year. Economists at MUFG Bank expect the exceptionally strong gains for the RUB to reverse in the year ahead.
Scope for further weakness USD in the year ahead
“Even after the recent correction lower, the US Dollar remains at significantly overvalued levels against other major currencies leaving scope for further weakness in the year ahead. At the same time, we expect the Rouble to weaken in the year ahead following the sharp gains between March and June of this year.”
“We expect the exceptionally strong gains for the Rouble this year to reverse in the year ahead driven in part by curtailed energy export revenues (sanctions + lower prices) and a further easing of capital controls.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
