... Stable Ruble and Rate Cut Outlook The past week was calm for the Russian market. The ruble exchange rate, after a brief dip following the July Central Bank decision, stabilized around 80 ₽ per $1. The key rate cut by 200 bps only moderately reduced the attractiveness of ruble assets – outflows of speculative capital were small, as this step was expected and already priced in. The sale of export currency earnings and selective interventions by the regulator smooth out fluctuations, providing relative ...

... well as a high key interest rate from the Central Bank of Russia. The recent reduction of the key rate by the Central Bank to 18% per annum has slightly eased financing conditions; however, the level remains elevated. High rates make ruble assets more attractive for investors and help to curb capital outflows while simultaneously cooling credit activity and imports. The balance of these opposing factors suggests that sharp fluctuations in the currency market are unlikely: the ruble is expected to move ...

... materialize—quick accelerations are improbable until new drivers emerge. Meme coins and AI tokens: The industry exploded with the success of meme tokens (such as those associated with the Trump family) and a surge of interest in AI tokens. These hype-driven assets attracted significant liquidity, although they do not provide real market value, warns the expert. Scams and manipulations: The first months of 2025 saw major scandals, including a $1.5 billion exchange hack and liquidity schemes (Jelly, OM), causing ...

... inflation. U.S. EIA Crude Oil Stocks — 18:30 MSK: Oil stock data could impact energy prices. Russia Weekly Inflation — 19:00 MSK: A crucial measure for assessing Russia’s economic stability. Focus Points: Oil inventory and inflation data will attract traders’ attention, as they provide insights into inflation and energy prices. Thursday, November 21 Interest Rate Decisions in Turkey and South Africa: Turkey CB Rate — 14:00 MSK: Turkey may take further steps to curb inflation. South Africa ...

... RISC-V ISA will expand the Ethereum ecosystem: developers will be able to compile Solidity and other languages directly to RISC-V and potentially incorporate additional VMs (e.g., those developed for Move) in the future. This will make Ethereum more attractive to companies developing smart contracts in various languages. Institutional investors also welcome the clear architecture: demand for ETH remains strong—just last week, spot ETFs attracted $106.75 million in investments in Ethereum. A more ...