Russian Economy Minister Maxim Oreshkin was on the wires earlier today, via Reuters, expressing his view on the Ruble on the on the sidelines of the Eastern Economic Forum.
The Ruble has “seriously deviated” from fundamental levels
But expects it to firm to 63-64 rubles to the US dollar in December this year.
Does not expect positive surprises for Russia’s economic growth in the third and fourth quarters due to higher financial market volatility.
Gross domestic product growth in each of the two quarters was unlikely to exceed 1.9%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.