Associate Professor of the Department of Finance and Prices Ra them. G.V. Plekhanova Diana Stepanova predicted the fall of the dollar’s course in a conversation with the Prime Agency.
According to the financier, in the long run, the position of the dollar, contrary to positive forecasts associated with an increase in the Fed rate, is unstable. Stepanova noted that the dollar is a key global reserve currency that will always be used to fill investment portfolios. However, after restoring the economy from the effects of a pandemic, the dollar can fall, especially in relation to the currencies of developing countries, it believes.
A specialist stated that one of the factors that could affect the fall of the dollar – the escalation of the conflict between the United States and China and Mexico, which are the main partners of Europe. Stepanova called the Chinese yuan potentially possible alternative to the dollar in the world market.
previously analysts called the ruble of one of the best currencies of developing countries. Within 2021, he lost in the cost less than currency and competitors. Since the beginning of the year, the ruble rate in relation to the dollar decreased by 0.3 percent – from 74.4 to 74.65 rubles per dollar. Almost all other currencies of developing countries have weakened to the dollar by about 6 percent from the beginning of the year.