Goldman Sachs, the US investment bank, predicts that the Russian currency Ruble will be on the list of good performing currencies next year along with the US dollar and the Mexican peso.
The Russian Times (RT) report also mentioned that Glodman Sachs suggest buying Russian and Mexican currencies over South Africa’s Rand and Chile’s Peso.
This week, the Ruble has grown three per cent, but seems not strong enough to continue the trend in 2015.
Ruble assets have found useful support over the last week on a perceived rapprochement between Russia and the West. “This relationship may, however, will be tested over the coming days and weeks as fundamentals continue to be weak, oil prices remain under pressure and a December Fed liftoff seems increasingly likely,” told Ivan Tchakarov, economist at Citigroup.
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