Russian ruble has strengthened 38% in dollars since the beginning of the year. In this regard, by referring to the data of the economists, reports Bloomberg.
According to experts, Ruble, unlike many other currencies of developing markets, is not pressure due to the outbreak of capital caused by the separation of global investors from more risky assets.
In addition, the significant warming of the relations between Moscow and Washington played a role in increasing the attractiveness of the Russian currency for investors.
Experts now say that there is no clear reason for the ruble weakening and that the factors that support the Russian currency will probably continue.
Bloomberg Agency before reportedThe fact that the US Dollar occupied the role of the main protective asset for decades, but the chaotic policy of President Donald Trump and the beginning of the trade war with the whole world led to the fact that the Euro began to change the American currency in this capacity.
Previously Name The unexpected result of the ruble strengthening.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.