Anticipated September fluctuations for the US dollar, the Euro, and digital currencies

In the financial world, August 2023 saw a period of relative calm, with minimal significant movements in the currency markets. However, the horizon is filled with predictions and anticipations of potential economic events.

Experts are debating whether we may witness a 'black swan' or a 'white swan' event in the near future. A 'black swan' event refers to an unforeseen occurrence with extreme consequences, while a 'white swan' event is a predictable event with foreseeable outcomes.

Regarding the euro-dollar pair, Alexander Kozlov, a financial analyst, believes that there is no need to expect sharp fluctuations in the near future. The euro-dollar pair is likely to continue to fluctuate within the familiar range of 1.12-1.15.

WalletInvestor, a specialist in financial forecasting, predicted in August that the Euro-Dollar exchange rate would fluctuate, with the rate ranging between 1.12 and 1.15 euros per dollar. As of August 18, 2023, WalletInvestor forecasted a course range between 1.132 and 1.157 dollars per euro.

Meanwhile, in the crypto market, Ethereum has been making headlines. Rai Youssef, CEO of crypto app NoOnes, notes that Ethereum is back in the spotlight, with one major investor selling $2 billion worth of Bitcoin and transferring funds to Ethereum.

If the Fed's policy easing factor is added in the IV quarter, Ethereum could become the new main driver of the crypto market. The path to $5000 for Ethereum will not be easy, with the $4700 level being crucial. If Ethereum breaks through it, a new impulse is possible.

Ethereum has shown resilience and quickly recovered after a "Monday dump", with inflows into ETH ETFs exceeding $1.4 billion, indicating growing institutional demand. Additionally, there has been an increase in stablecoin inflows and ETH withdrawals from exchanges, suggesting that the asset is being stored, not prepared for sale.

In the traditional markets, neither Europe nor the US is interested in a noticeable strengthening of its currency, as this directly affects the competitiveness of their goods in global markets. The mandatory sale of foreign currency earnings by exporters was abolished in August, which might contribute to a moderate devaluation of the Russian ruble. Alexander Kozlov anticipates that the ruble will depreciate slightly, with the expected range for September being around 80-85 rubles per dollar.

On the other hand, an analyst predicts that by the end of the year, the dollar could strengthen against the Belarusian ruble by 5-7%. The Belarusian ruble's exchange rate is directly tied to a currency basket, with 60% of the volume consisting of the Russian ruble.

Prices are rising worldwide: for food, cars, and raw materials. Inflation is even felt in countries that have always tried to control it. Gold's growth is not due to gold becoming more valuable on its own, but because there's too much money in the world, and it's going into a "safe haven".

Max Zen, regional manager of cryptobourse CoinEx in CIS, believes that a sharp drop in Bitcoin below $110,000 exposed the current market structure as weak. There has also been an increase in concerns about oil prices, with an expert predicting that oil is in a zone of potential turbulence, with the possibility of a barrel costing $40 dollars by the end of the year.

In light of these predictions and trends, it's essential for investors to stay informed and make informed decisions based on the latest financial news and expert predictions. Charter97.org, a non-profit organisation, accepts donations in multiple currencies and can be followed on various social media platforms.

Anticipated September fluctuations for the US dollar, the Euro, and digital currencies