Analyst FG “FINAM”, Zaitseva, named currencies that can replace the Russian dollar in the investment portfolio.

According to the expert, it is better to give preference to creating a diversified basket of six world currencies, in relation to which the DXY index is calculated. This is about the euro, Canadian dollar, British pound sterling, Swiss franc, Japanese yen and Swedish krona. The latter two are used as protective tools during periods of turbulence in financial markets, Zaitseva added.

However, she explained that in the medium term the euro may be inferior to the American currency due to the differences in the monetary policy of the Fed and the EBC. Zaitseva also noted that the Chinese yuan may come under pressure, inasmuch as China is characterized by a high level of debt burden in the corporate segment. According to the analyst, there is unverified information on the market that the United States may restrict its funds from investing in China. If these rumors are confirmed, the Chinese currency may weaken against the dollar.