Alexander Shneiderman, who leads Alfa-Forex’s sales and customer support team, notes that since the start of December the dollar has weakened against the major global currencies. This trend is tied to expectations that the US Federal Reserve may soften its policy stance in the near term. As a result, the euro has become comparatively more expensive when paired with the dollar. In a recent interview conducted for RT, Shneiderman explained that the shift in exchange rates has already moved by approximately three percent in a matter of weeks, signaling a changing dynamic in currency markets. The observation points to a broader pattern where the euro strengthens against the dollar as investors reassess risk and inflation projections, while the dollar frees up room for further adjustments in relative value across regions.
Shneiderman further remarked that the European Central Bank is not planning to ease monetary policy in the immediate future. He highlighted that despite the eurozone facing a set of persistent challenges, the euro remains an attractive option for investors seeking exposure to a stable currency and potential long-term growth. The assessment emphasizes that policy signals from the ECB, along with inflation expectations and economic resilience in the euro area, contribute to a balanced view among market participants about the currency’s prospects.
Additionally, the analyst noted that the ruble is likely to come under pressure as the New Year approaches. Historically, this period brings increased demand for foreign currencies, which tends to heighten volatility in exchange rates. Based on his forecast, Shneiderman does not expect the euro to surpass a threshold of 102.5 rubles by year-end, though currency movements can be swayed by shifts in energy prices, geopolitical developments, and domestic financial sentiment. The scenario suggests a recalibration in the ruble’s valuation as traders adjust positions ahead of holiday liquidity constraints and year-end accounting.
Market watchers should monitor how the euro performs during the day’s morning trading on the Moscow Stock Exchange. By 13:30 local time, the euro stood around 101.4 rubles, briefly breaching the 102 ruble mark for the first time since October, a signal of evolving demand and supply dynamics in the region. The day’s activity reflects the ongoing interplay between regional monetary policies, global risk appetite, and the evolving outlook for energy markets that influence the ruble’s sensitivity to external shocks. The overall mood among traders remains cautious, yet attentive to any new cues from central banks and economic data that could steer the next leg of the currency cycle. Once again, the focus remains on how these macro forces translate into everyday exchange rates and investor decisions across major currency pairs.