The dollar exchange rate fell to the levels of three months ago

There is a depreciation of the dollar around the world. Now it has “rolled back” to the levels of three months ago, Kommersant reports.

In Russia, the American currency is also becoming cheaper. Experts believe that this is influenced by the increase in supply from exporters for payments to the budget. But analysts note that the current weakening of the dollar is unsustainable and the rate may return to levels of up to 82 rubles per dollar by the New Year holidays.

At the beginning of 2026, against the background of seasonally weak demand for the currency, as well as a decrease in its supply from the Central Bank, the ruble may strengthen its position.

“The weakness of the dollar in the global foreign exchange market, according to our estimates, can be caused by two factors. Thus, investors are afraid of restrictions on government funding in the United States at the beginning of next year. Also next year, the American regulator may move to a more active easing of monetary policy due to the arrival of a new head of the Federal Reserve, which creates additional risks for the dollar. As a result of the influence of these factors, the DXY dollar index, which shows the dynamics of the American dollar in relation to a basket of major currencies, retreated below 98 points. In total, since the beginning of the year, the index's losses amounted to about 9.8%. At the same time, this trend contributed to a more active decline of the dollar against the ruble compared to other world currencies,” explains PSB Banking and Financial Markets Analysis Manager Bogdan Zvarich.