Next week, the dollar could hover around 79 rubles, signaling a potential cooling of world currencies amid ongoing recession concerns in Europe. This outlook comes from Fedor Sidorov, a private investor who founded the Practical Investment School, and who shared his analysis with RT.
He argues that the European economy remains vulnerable to recession, a scenario that could push the dollar to about 79 rubles and the euro to around 84 rubles in global exchange rates and quotes. Such levels would reflect a shift away from recent volatility toward a more stable pace, according to his forecast.
According to Sidorov, the ruble’s recent trading pattern shows the dollar sitting on a plateau after a period of sharp swings. Earlier in May, the dollar and the euro briefly advanced, gaining roughly three rubles on the day as financial markets absorbed new information and investors adjusted their positions.
He notes that the mid-month strengthening of the major currencies correlated with developments in the oil market. An important milestone for the United States lies ahead on June 1, when the debt ceiling remains unresolved. The unresolved issue continues to inject uncertainty and unease into the markets, influencing risk appetite and funding costs across asset classes.
On Friday, BitRiver analyst Vladislav Antonov suggested that a default by the United States on June 1 could trigger a sharp depreciation in the dollar, with potential spillovers that would weigh on the Russian economy and other economies sensitive to dollar funding. The scenario underscores how closely currency movements track political and fiscal developments even in an environment of abundant liquidity. Analysts stress that investors should monitor policy signals, energy prices, and the trajectory of global trade as key drivers of the next moves in EUR and USD quotes. In this context, market participants may lean toward cautious positioning, balancing the search for yield with the need to manage downside risk in a stretched global cycle. RT continues to follow these developments, providing ongoing commentary from market observers and investors alike.