Forex USD/RUB Forecast: What Experts Predict for the Next Quarter

The USD/RUB pair is one of the most actively traded currency pairs in the forex market. The exchange rate between the US dollar and the Russian ruble is influenced by a variety of economic and political factors that can make its price very volatile.

In this article, we will examine what some of the top experts in the forex industry are predicting for the USD/RUB pair for the next quarter.

The Current State of the USD/RUB Pair

Before we dive into the predictions, it is important to understand the current state of the USD/RUB pair. The exchange rate between the two currencies has been volatile in recent times, with the pair hitting a low of 73.81 in early June 2021 and a high of 79.62 in early August 2021.

The COVID-19 pandemic has had a significant impact on the economic situation in both the US and Russia, with both countries seeing a decline in economic activity and an increase in unemployment. The Russian economy is particularly vulnerable to fluctuations in the price of oil, which is one of its main exports.

Overall, the USD/RUB pair is likely to be influenced by a variety of factors in the upcoming quarter, including geopolitical tensions, the state of the global economy, and the policies of the respective central banks.

Expert Predictions for the Next Quarter

Many forex experts have weighed in on what they believe will happen to the USD/RUB pair in the next quarter. Here are some of the most notable predictions:

1. Goldman Sachs

Goldman Sachs predicts that the USD/RUB pair will trade at 78 by the end of 2021. The bank cites the influence of geopolitical tensions between Russia and the US, as well as the impact of the COVID-19 pandemic on the Russian economy.

2. UBS

UBS predicts that the USD/RUB pair will trade at 75 by the end of 2021. The bank cites the potential for higher oil prices and a recovery in the global economy as factors that could contribute to a stronger ruble.

3. Citigroup

Citigroup predicts that the USD/RUB pair will trade at 80 by the end of 2021. The bank cites the impact of sanctions on the Russian economy and the potential for higher geopolitical tensions as factors that could contribute to a weaker ruble.

4. HSBC

HSBC predicts that the USD/RUB pair will trade at 77 by the end of 2021. The bank cites the impact of the COVID-19 pandemic on the Russian economy and the potential for higher oil prices as factors that could contribute to a stronger ruble.

5. Morgan Stanley

Morgan Stanley predicts that the USD/RUB pair will trade at 76 by the end of 2021. The bank cites the potential for higher oil prices and the impact of the COVID-19 pandemic on the Russian economy as factors that could contribute to a stronger ruble.

Conclusion

Overall, the predictions for the USD/RUB pair in the next quarter are mixed, with some experts predicting a stronger ruble and others predicting a weaker ruble. The factors that will influence the exchange rate between the two currencies are many and varied, including geopolitical tensions, the policies of the respective central banks, and the state of the global economy.

As with any forex trading strategy, it is important to do your own research and make your own informed decisions based on your own risk tolerance and trading goals. By staying up-to-date with the latest economic and political developments, you can make more informed trading decisions and potentially increase your chances of success in the forex market.