6 December 2022 | Other

MUFG Bank: Russian rouble will weaken in 2023, as well as the U.S. dollar

This year, the Russian rouble has become one of the few currencies that managed to outperform the U.S. dollar. It showed sharp and significant growth from March to June. However, according to the forecast of economists at the Japanese MUFG Bank, the rouble’s strengthening will stop in the upcoming year, and it will weaken again.

This forecast is based on such factors as Russia’s reduced income from energy exports, the impact of sanctions, and a further weakening of capital controls.

The bank’s specialists also pay some attention to the U.S. dollar, which even after its recent downward correction remains higher than other major currencies. Nevertheless, next year it might weaken, as well as the Russian rouble.

Company MarketCheese
Period: 17.09.2025 Expectation: 500 pips
Buying SPX on 0.5% Fed rate cut
Today at 11:38 AM 116
Period: 24.09.2025 Expectation: 1500 pips
USDCAD is set to fall ahead of interest rate decisions
Today at 10:57 AM 95
Period: 23.09.2025 Expectation: 500 pips
NVIDIA shares approach gap closure at $170.50
Today at 10:26 AM 89
Period: 31.12.2025 Expectation: 200 pips
Buying NVIDIA shares with $195 in view
Today at 08:54 AM 28
Period: 24.09.2025 Expectation: 1300 pips
EURUSD is expected to correct after Fed announces rate decision
Today at 07:14 AM 99
Period: 23.09.2025 Expectation: 3000 pips
Buying Bitcoin with $118,800 target amid consolidation
Yesterday at 10:53 AM 251
Go to forecasts