USD Weekly Overview
Updated 12 May 2026 • 23:45 GMT
The US Dollar (USD) has experienced a decline for the second consecutive week, primarily affected by diminishing geopolitical concerns which have contributed to its recent retreat. It has moved further below its 200-day Simple Moving Average, reflecting bearish sentiment in the market. Despite this downward movement, caution remains prevalent among Federal Reserve officials, who have emphasized that inflation risks continue to persist, keeping potential rate cuts under scrutiny.
- Geopolitical tensions easing have diminished the USD demand.
- The USD remains below its 200-day Simple Moving Average, indicating further bearishness.
- Fed officials express ongoing caution due to inflation concerns, impacting rate cut expectations.
Date: March 31, 2026
Key Developments Affecting the Russian Ruble (RUB):
1. Central Bank Interest Rate Reduction
On March 20, 2026, the Bank of Russia lowered its key interest rate to 15%, signaling a cautious approach to monetary easing. (en.iz.ru)
2. Shift in Foreign Currency Interventions
In December 2025, the Central Bank announced a reduction in daily foreign currency sales, potentially leading to a weaker ruble in 2026. (arabictrader.com)
3. Record Settlements in National Currencies
The transition to national currencies in trade has strengthened the ruble, reducing its vulnerability to international economic shocks. (en.iz.ru)
4. Oil Price Volatility
The Middle East conflict has caused oil prices to rise significantly, which could impact the ruble's value if the trend continues. (russiaspivottoasia.com)
These factors collectively influence the ruble's exchange rate, affecting importers, exporters, and travelers.