Research detail

06.09 2011 15:14:36

Ruble’s weakness will surprise nobody

by Anna Bodrova

Maybe it is better to see from higher echelons of power but jittery markets, a pessimistic market sentiment and the possible deterioration of external conditions are all playing against the Russian currency. It is not ruled out that the dollar/ruble pair will break above RUB 29.15 by the end of this week. Subsequently, the ruble will most likely remain weak.