The U.S. dollar is climbing, the euro, the pound and the yen are retreating: the Russian ruble is taking off against the greenback, and this exceeds all expectations!

In the first week of September, Russia told the press that China would pay for its natural gas in rubles and yuan. In addition, Russian gold imports by Switzerland reached a peak not seen since April 2020.

The greenback is soaring, but the Russian ruble is also up.

This week, the Dollar Monetary Index (DXY) hit new highs. For example, two days ago, the euro hit a 20-year low against the U.S. dollar, falling to $0.973 on Friday.

Currently, the euro is even lower at $0.9690, and is down 2.82% against the greenback over the past 30 days. The 30-day statistics show that the yen is down 4.72%, the British pound is down 8.17% and the Canadian dollar is down 4.78%. The Chinese yuan has surpassed a 7:1 exchange rate against the U.S. dollar for the first time in two years.

However, the ruble has been more resilient this year, and began making gains a month after the Ukraine-Russia war began. Toward the end of June, the Russian ruble hit a seven-year high…

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