The Russian ruble continues to show weakness amid the tense geopolitical situation. As of 12:40 p.m., the dollar exchange rate is back above 76 rubles per American. Exchange rate of the European currency is 87.20 rubles.
Currency experts talk about the undervalued Russian currency.
Especially given the strong state of the Russian economy and the current situation on the oil market, where the North Sea benchmark Brent is trading above or near $85 per barrel.
Moreover, the package of sanctions against the Nord Stream 2 gas project proposed by Republican Ted Cruz was not supported by the U.S. Senate.
According to experts, today the Russian currency will strive for the exchange rate of 75 rubles per U.S. dollar. The Russian will try to reset oversold and partially offset yesterday’s drop.
Watch the U.S. dollar and euro exchange rates online.
US dollar exchange rate exceeded ₽76 Photo: Yandex Images
