Fed rates, oil prices, and US elections: Key factors shaping the Belarusian ruble's trajectory in November

Over the past week, fluctuations of the Belarusian ruble against the US dollar were insignificant due to the weak momentum of the Russian currency. The Belarusian ruble's exchange rate against the dollar was also influenced by the unstable trajectory of the dollar against other foreign currencies. In November, the Belarusian ruble, much like the Russian ruble, is expected to exhibit moderate fluctuations against the dollar. At the same time, increased volatility is possible at the beginning of the month.