Found: 72

Ruble on the Rise: Reasons behind the Strengthening of the Russian Currency

... payments from Russian exporters, reduced demand for currency following the New Year holidays, stable foreign trade activity, and a rise in optimism amid geopolitical events. However, forecasts are divided. Some analysts suggest that the ruble will continue to strengthen, reaching 93 rubles per dollar. Others warn of a possible depreciation of the Russian currency to 110 rubles by the end of the year. Key risk factors include sanction pressures, the state of the trade balance, the influence of American foreign economic policy, and dynamics in ...

What is the RTS Index (RTSI) and how can an investor use it?

... traded on the Moscow Exchange, but is calculated in US dollars. This makes the RTS Index an important indicator for assessing the state of the Russian stock market in the context of international investments and taking into account the influence of the ruble to dollar exchange rate. Features of the RTS Index: Currency base: The index is calculated in US dollars, which makes it sensitive to changes in the exchange rate. The growth of the dollar against the ruble can put pressure on the index value, even if the ...

Monday, November 18, 2024: Key Economic Events of the Day

... and energy policy may immediately impact the ruble and Russian stocks, especially in the energy sector. Follow Central Bank Speeches: Pay attention to statements from Fed and ECB representatives. Key signals about monetary tightening could boost the dollar and euro, affecting the ruble. React to Western Company Reports: Strong earnings could benefit global markets, providing a favorable backdrop for Russian stocks. Monitor Oil Prices: Statements affecting global oil demand could impact the ruble and shares in Russian energy companies. Bezos’ ...

What is devaluation in simple terms and how does it affect the Russian economy?

... exchange their revenue for more rubles, which brings in additional profits and stimulates the export sector. Increased debt burden: For companies and the government that have debts in foreign currency, devaluation can be a problem. They have to pay more rubles to cover debts in dollars or euros. Current situation with devaluation in Russia In 2024, Russia faced a number of factors that contributed to the weakening of the ruble. These factors included sanctions that limited access to international markets, high inflation, and ...

The Future of the Dollar and the Prospect of a BRICS Currency: Insights from Putin’s Statements

... Russia and China, for example, have already made strides toward settling transactions in rubles and yuan. Comment from Sergey Tereshkin, CEO of Open Oil Market Sergey Tereshkin... ..., CEO of Open Oil Market , shares his perspective: "Putin’s comments on the dollar and a potential BRICS currency highlight the growing importance of economic independence... ... financial influence of the U.S. can directly impact other countries, there’s a need to explore alternative financial tools. For industries like oil and gas, diversifying...