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: 30.05.2026 Expectation: 450 pips
Invest in EURUSD with 1.17500 target
Yesterday at 11:40 AM 19
Period: 06.05.2026 Expectation: 1300 pips
NVDA knocks on record highs as big tech earnings loom
Yesterday at 09:58 AM 22
Period: 31.05.2026 Expectation: 200 pips
Investing in natural gas up to $2.77
Yesterday at 09:50 AM 22
Period: 06.05.2026 Expectation: 1220 pips
USDCAD primed to resume uptrend following key central bank announcements
Yesterday at 06:40 AM 16
Period: 12.05.2026 Expectation: 500 pips
Go long on Brent crude with $114.5 in sight
28 April 2026 36
Period: 05.05.2026 Expectation: 890 pips
Buy AUDUSD on pullback with 0.72190 target ahead of Australian CPI and Fed decision
28 April 2026 25
Go to forecasts