Eur rub exchange rate forecast: Dollar Falls Apart at Seams as Global Temperature Rises and Market Goes All-in on October Rate Cut

“A commitment on stimulus packages seems unlikely this year. This is one of the reasons why we maintain our 1.09 forecast for the end of this year. The other reason is that the market, in our view, reacted too positively to the October trade talks between the US and China. The threat of another tariff round remains and volatility is likely to return before the year ends,” says Thomas Flury, a strategist at UBS , referring to the Euro. “USD weakness is probably also related to the rising challenges that the Trump administration faces ahead of elections. Their policy has helped to strengthen the greenback in 2018 and 2019. With the pressure on Trump rising, it seems logical that the USD weakens.”

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