Commerzbank predicts that the Russian ruble will experience a decrease in value in the medium-term as a result of the current account surplus deteriorating. #USDRUB is expected to reach 89.4000.

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Economists at Commerzbank have revised their USD/RUB forecast path higher this month after the exchange rate weakened significantly and reached their end-2024 target of 90 already.

Source: Commerzbank Research

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