The dollar exchange rate has reached a two-year high
The dollar exchange rate has reached a maximum since November 2022. This was reported by the Financial Times (FT) on January 13.
Dollar Index (DXY) exceeded 110 points for the first time since November 10, 2022.
According to the material, the reason for the growth of the American currency is the publication of data on employment in the United States. It is specified that the number of new jobs exceeded analysts' expectations, because of which the Federal Reserve System (FRS) may slow down with rate cuts.
The European Union (EU) and the UK are in turn preparing for this, which is causing interest in the dollar. The higher the rates in a particular currency area, the more attractive the yield of this currency, taking into account the reliability of investments, the publication explains.
Earlier, on December 27, analyst of FG "Finam" Alexander Potavin told "Izvestia" that the growth of the dollar rate was influenced by the purchase of currency by banks. Then the dollar exchange rate on the international currency market Forex exceeded the mark of Br107. At the same time on December 6, the dollar fell below Br99.
December 6, head of Sberbank German Gref said that there was no room for a serious weakening of the ruble. In his opinion, the dollar rate at the end of the next year, 2025 will be approximately Br112-115. At the same time, he admitted that there is indeed some weakening of the national currency, but no surprises are expected: the ruble exchange rate will fluctuate depending on the situation.
