USD/RUB: RUBLE TO WEAKEN MEDIUM-TERM DUE TO DECLINING CURRENT ACCOUNT SURPLUS – COMMERZBANK

avatar
· 閱讀量 59


Economists at Commerzbank see the USD/RUB pair at 80 by year-end and at 90 by December 2024.

Not convertible

“Russia’s capital account is closed for major hard currencies. The absence of capital flows means that the exchange rate does not perform its forward-looking role based on expectations – it only reflects day to day trade flows, most of which is energy trade.”

“Due to the sanctions, the RUB exchange rate now only reflects current account flows. Hence, the Ruble is likely to depreciate medium-term due to the declining current account surplus.”

“We expect the USD/RUB fixing to reach around 90.00 by the end of 2024.”

風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0

暫無評論,立馬搶沙發

  • tradingContest