The dollar exchange rate will soon fall sharply: what will make the "American" collapse
The American currency exchange rate will drop sharply soon.
Financial analyst Spartak Sobolev explained what will make the “American” collapse.
The expert's statement is cited by Bankiros.ru.
Why the dollar will soon fall
As Sobolev explained, the re-election of Donald Trump as US President is generally favorable for the American currency, but the main factor for the dollar remains the gradual easing of monetary policy by the Federal Reserve System.
Following the meeting on Thursday, a reduction in the base rate to 4.5-4.75% is expected.
This will not have a significant impact on world currencies, but the statement by Fed Chairman Jerome Powell at a press conference could provoke sharp fluctuations in the market if his words hint at a slowdown in the rate cuts.
In this case, the dollar exchange rate could fall sharply, the analyst said.
He added that Trump's re-election, which promises a significant decline in the global energy market, has definitely increased the risk of a weakening of the Russian ruble next year.
According to Sobolev, if Saudi Arabia joins the increase in oil production from December, this could lead to serious problems for Russia's trade balance surplus.
The price of Brent crude oil may fall to $45, which will negatively affect the Russian currency exchange rate.
Currently, its rate by the end of the year is striving for 100 per dollar, 108 per euro and 14.5 per yuan, according to the forecast of an analyst at Bankiros.ru .
