In North American investment circles and among global traders, the idea that the euro and the dollar can be profitable assets has gained renewed attention. Vladimir Grigoriev, a candidate of economic sciences and a respected finance expert quoted by Lente.ru, argues that euros and dollars offer attractive opportunities for diversified portfolios. His view rests on the ongoing strength and liquidity of major Western currencies, even as markets absorb the ripples from sanctions and geopolitical tensions. For investors in Canada and the United States, this perspective emphasizes the importance of balancing potential gains with prudent risk management, as currency markets continue to reflect global trade dynamics and monetary policy signals. Grigoriev’s analysis also underscores the enduring appeal of widely accepted currencies that facilitate international transactions, settlement ease, and timely liquidity, especially for households and small businesses operating across borders. — Grigoriev, Lente.ru
Grigoriev predicts that the euro and the dollar may maintain their relative strength through the end of 2024, considering the sanctioned environment and the way companies adapt to evolving rules. In this climate, Russian firms are reportedly finding workarounds for supply chains, and imports of household and industrial goods are expected to rise as markets adjust before the New Year. The ruble, meanwhile, is seen as likely to weaken against these currencies as external pressures persist. For Canadian and American investors, this combination suggests ongoing demand for hard currencies as a hedge, while highlighting the importance of assessing liquidity and the timing of currency exposure. Grigoriev also notes that the overall macro backdrop remains uncertain, so a cautious approach—anchored in diversification and liquidity—appears prudent. — Grigoriev, Lente.ru
Nevertheless, Grigoriev cautions against moving all available funds into foreign currencies. He argues for a measured approach that preserves flexibility and avoids concentrating risk in a single asset class or currency. For investors in North America, this means maintaining a balanced mix that can weather sanctions-driven volatility while still participating in opportunities offered by USD and EUR movements. The recommendation centers on ensuring liquidity, avoiding forced conversions under pressure, and keeping some assets in alternative holdings that can respond to shifting market conditions. — Grigoriev, Lente.ru
Grigoriev adds that physical cash dollars and euros can be more practical than non-cash forms in times of restrictions and withdrawal difficulties. He points out that cash remains readily accessible for everyday transactions and expatriate or cross-border payments, whereas electronic or card-based holdings may face sanctions-related hurdles and banking limitations. In a North American context, this distinction can influence how households and small businesses structure their currency exposure, especially when arranging international purchases or managing payrolls across borders. Cash, by his view, provides a degree of immediacy and reliability that electronic conduits sometimes lack, even as other risks must be weighed. — Grigoriev, Lente.ru
Grigoriev also notes that the currencies can be liquidated quickly if the ruble weakens further, so a prudent strategy involves distributing funds across foreign currency, other investments, and deposit opportunities with favorable terms. In practice, Canadian and U.S. investors might distribute portions of their liquidity into USD and EUR deposits, alongside alternative assets and income-generating instruments, to create a balanced risk profile. The core idea is to retain the flexibility to exit positions without penalties during adverse moves while capturing upside in the western currencies when markets calm. — Grigoriev, Lente.ru
At the end of September, financier Alexander Shepelev floated a view that the ruble could strengthen in the near term, though he cautioned that the fundamental balance remains unfavorable. Exports have declined in both value and volume, while imports have resumed as buyers seek alternative goods channels and new payment routes. The ruble benefits from higher domestic rates and a modest uptick in oil prices, which help stabilize the currency despite weak external fundamentals. For audiences in Canada and the United States, this analysis implies that even with pockets of resilience, the ruble faces a difficult path, while USD and EUR continue to offer a comparative shield against local currency volatility. — Shepelev, cited source
There have been moments when Russians were told the dollar could rise beyond a certain threshold, with discussions about the rate crossing the 100 ruble mark. While such forecasts circulate in local markets, they underscore the persistent interest and concern around currency trajectories in sanctioned environments. For North American readers, these conversations highlight why currency exposure remains a focal point in risk management and why many households and businesses favor transparent, diversified strategies that can adapt to sudden moves in both directions. — Market commentary