This article is brought to you by a Russian Telegram channel "Antihype on money," an analytical channel about all economic hype trends and their triggers.
What happened: Euro is updating multi-month lows against the Russian ruble, but the days of this growth are numbered. A sharp turnaround can occur at any moment: markets are overheated and vulnerable to a correction, the ruble tends to weaken in December/January, and the sanctions case against Russia has returned to the attention of U.S. lawmakers.
What really happened: Markets are on the rise thanks to a marked improvement in expectations, and this trend can develop along with the manifestation of the effect of monetary incentives on the economy. In addition, historically, the ruble feels rather well in the Q1 due to a significant surplus in the balance of payments. Sanctions against Russia so far have low chances of approval, while lawmakers are busy with trade wars with China and the European Union, as well as impeachment of the U.S. president.
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