The Russian ruble depreciated on Friday to cross $71.25, its lowest level on a closing basis since May 25th after appreciating in the previous two sessions, oil prices failed to hold gains amid rising Covid-19 cases in the US, with the benchmark Brent crude trading below $42.5 a barrel. Also, geopolitical tensions mount as more US official call for new sanctions on Russia if the report that Russia paid the Taliban to kill US soldiers in Afghanistan is confirmed.
Historically, the Russian Ruble reached an all time high of 85.97 in January of 2016. Russian Ruble - data, forecasts, historical chart - was last updated on July of 2020.
The Russian Ruble is expected to trade at 70.77 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 72.18 in 12 months time.