Should We Expect a Significant Collapse of the Dollar: Here's How Much the "American" Will Cost Throughout December

06.12.2024 20:56

By the New Year, we should expect a decrease in the dollar exchange rate against the Russian ruble.

This forecast was made by Doctor of Economics Evgeny Smirnov.

The economist's opinion is cited by Bankiros.ru .

What will happen to the dollar in December

Smirnov believes that the exchange rate of the American currency to the Russian one will reach its peak in the near future.

By the New Year, the economist predicts a slight decline in the dollar exchange rate against the backdrop of the US Federal Reserve System easing its monetary policy.

Photo: © Belnovosti

Under future US President Donald Trump, Smirnov continued, the dollar could strengthen. This is due to Trump's promise to reduce oil prices.

Only a slight decline in global oil prices should be expected in 2025, the economist specified.

Author: Timur Khomichev Internet resource editor