Following the release of Marc Fogel and signs of negotiations between Russia and the US, he dies lives a historic discharge. Understand how war in Ukraine influences global markets
Rublo jumped to its strongest quotation against the dollar in five months on Wednesday, driven by the release of an American teacher in Russia, which reinforced the expectations of investors from a possible end of the conflict in Ukraine. The currency rose almost 3% on Wednesday, reaching 93.8 rubles per dollar, after the agreement guaranteed the return of Marc Fogel, arrested since 2021.
According to Financial Times, this movement expands a high beginning with Donald Trump’s return to the White House. The US president has promised to end the war in Ukraine, and Rublo has accumulated 21% gains since the beginning of the year.
“The expectation of negotiations between Russia and the US over Ukraine brings some optimism to investors,” said Alexandra Prokopenko, a researcher of Carnegie Russia Eurasia Center in Berlin. “If conversations are complicated and this optimism disappears, Rublo will face more difficult times.”
Dollar/Rublo exchange rate line chart showing the rise of ruble based on the hopes of an end to the war in Ukraine.
Analysts said the currency was also driven by the growing sales of Chinese Renminbi – the most negotiated foreign currency in Russia – by the Russian Central Bank, which intervenes in markets to support the exchange rate.
Rublo plummeted to historical minimal after the invasion of Ukraine by Russia in 2022, which triggered a series of western sanctions, effectively isolating Russia from the global financial system.
Although authorities stabilized the exchange rate by squeezing currency controls, Rublo remained volatile and was hit by new US energy sanctions late last year.
Source: https://www.ocafezinho.com/2025/02/12/moeda-russa-sobe-3-apos-libertacao-de-professor-dos-eua/
