OREANDA-NEWS. As follows from the data of the Moscow Exchange, the Russian ruble is strengthening against the dollar. For the first time since September 18, the American currency fell to the level of 75 rubles. This happens against the backdrop of the weakening of the American currency at Forex, where the dollar is losing about 0.1% against the euro.

The fluctuations in the exchange rate are associated with the fall in oil prices. February futures for Brent crude oil fell 0.56% to $ 47.98 per barrel. Raw materials are getting cheaper before the talks between Russia and OPEC +. The meeting is scheduled for 16:00 Moscow time.

Dmitry Babin, an expert on the stock market BCS World of Investments, told the Prime agency that while the ruble is declining against the dollar, some currencies, on the contrary, are growing against the ruble. However, this cannot be a reason for long-term buying as this currency trend may change. You should not convert dollars into rubles or another currency, unless there is a good reason for this.

The expert explained that the undisputed leader among 36 key world currencies in 2020 was the Swedish krona, which has grown over the past 11 months by more than 9% against the dollar. This is due to the fact that Sweden did not impose strict antiviral restrictions, which caused less damage to the country's economy.

In November, the Chinese yuan also made a sharp leap upward. The impetus was given by the news of Joe Biden's leadership in the US presidential race. Should Biden become president, the confrontation in the China-US trade war will subside, as incumbent US leader Donald Trump's stance toward Beijing is much tougher. Based on these assumptions, the yuan in November rose against the dollar by almost 2%, and since the beginning of the year - by about 6%.