Why is this important
The dynamics of the dollar exchange rate affects the cost of imports, the debt burden on businesses, and citizens’ daily expenses. Currency growth is an indicator of pressure on the domestic market and inflation expectations.
What happened
- Dollar: 12,072.03 sum (+33.35)
- Euro: 14,016.83 sum (−27.49)
- Russian ruble: 148.01 sum (+1.39)
- Chinese yuan: 1,695.61 sum (+4.69)
Context
The rise in the dollar may be related to increased US Federal Reserve rate expectations, strengthened external demand, or local factors (temporary currency demand growth, seasonal factor). The euro and pound, on the contrary, are declining, which may indicate a weakening of their position with the dollar in international markets.
