Ruble Set for Medium-Term Fall Amid Shrinking Surplus, Predicts Commerzbank!
Revised USD/RUB Forecast Path by Commerzbank Economists Share this Article: The currency exchange rate of the US Dollar (USD) to the Russian Ruble (RUB) has been a topic of keen interest to global economists and investors. It has been largely impacted by dynamic factors such as economic sanctions, global financial markets, and political events. In […]
“Ruble’s Dim Future – Will Medium-Term Weakening be Fueled by Shrinking Surplus? Commerzbank Explains!”
Commerzbank economists predict that the USD/RUB pair will reach 80 by the end of the year and 90 by December 2024, as Russia’s capital account closure for major hard currencies leads to depreciation. The exchange rate only reflects daily trade flows, most of which is energy trade, rather than its forward-looking role based on expectations […]