According to German experts, the ruble has strengthened significantly during this year despite the sanctions and has become one of the strongest currencies of developing countries. Moreover, Russian government bonds are considered a reliable investment tool among international investors. While the euro and the US dollar display weakness and a noticeable decrease in profitability, the demand for the ruble will continue to grow. However, the rate of the Russian currency remains unchanged compared to the value of its major counterparts four years back. Foreign investors seem to find the ruble a cheap investment option but promising at the same time. Speculators believe that it is not worth rushing to buy this exotic currency, instead they prefer to wait for a favourable moment. For instance, the ruble is expected to drop to 9.1% by the end of this year. Analysts predict that the fall will be caused by the decreased share of non-resident investors in Russian federal loan bonds (OFZ) due to the probable easing of the Central Bank’s monetary policy.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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