Russian ruble is getting stronger despite the monetary easing
There is going to be a landmark event for the Russian ruble. Its growth against the US dollar is about to hit a 10% level. I won’t be surprised if Donald Trump, searching for a way to devalue the US dollar against a basket of currencies, sets Moscow as an example. Who suggested that devaluing is a side effect of monetary easing at the forum in Sintra, Portugal? The Bank of Russia has already cut the interest rate once and is willing to lower it two or three more times this...
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