Expert on the stock market “BCS World of Investments” Dmitry Babin named profitable alternative currencies to the dollar in a conversation with the Prime agency.
According to the analyst, the undisputed leader among 36 key world currencies this year is the Swedish krona, which has grown by more than nine percent against the dollar over the past 11 months.
In addition, in November, the Chinese yuan also made a sharp leap upward, Babin added. He explained that the news about the leadership of the Democrat Joe Biden in the presidential election gave impetus to the currency in the USA.
Babin added that all this is rather speculative. According to him, an increase in demand for risky assets is observed in anticipation of the imminent start of mass vaccination against coronavirus infection, which should cheer up the economy.
The expert recommended not to convert dollar savings into rubles or other currencies, as market sentiment may change.
Previously, analysts at Citigroup predicted the dollar rate would collapse by 20 percent in 2021 … The US currency will weaken if COVID-19 vaccination becomes widespread in the world, and the situation in the global economy and trade improves.