Predictions Regarding the Fate of the U.S. Dollar, Euro, and Cryptocurrencies in September

The global financial landscape is currently a mosaic of fluctuating currencies and shifting cryptocurrency trends.

In the forex arena, the "euro-dollar" pair is expected to continue its dance within the familiar range of 1.12-1.15, according to analysts. Meanwhile, Alexander Kozlov, an expert in the field, does not foresee significant fluctuations in this pair in the near future. However, he predicts a slight depreciation of the Russian ruble, with the weakening possibly starting as early as September or October. Kozlov expects the ruble to trade around 80-85 rubles per dollar by the end of September.

The Belarusian ruble, on the other hand, is directly tied to a basket of currencies, with the Russian ruble making up 60% of the volume. By the end of the year, analysts believe the dollar could strengthen against the Belarusian ruble by 5-7%.

Oil prices, while relatively stable, are in a zone of potential turbulence, according to experts. The price could drop to $40 per barrel by the end of the year, marking a significant shift in the energy market.

In the crypto sphere, Ethereum has been a standout performer. After dropping to $4300, Ethereum has consolidated above $4500, recovering over 8%. Institutional demand and strategic interest in Ethereum as an asset with broader use potential are on the rise. Rae Yusuf, CEO of crypto app NoOnes, and Maksim Zaitsev, regional manager of crypto exchange CoinEx in the CIS, have both highlighted this growing trend.

Interestingly, one of the major investors has recently exited Bitcoin, selling assets worth over $2 billion, and transferring funds to Ethereum. This shift could signal a potential shift in the crypto market's focus.

If the Federal Reserve adds a factor of monetary easing in the fourth quarter, Ethereum could become the new main driver of the crypto market, according to some experts. However, the path to $5000 for Ethereum will not be easy, with the $4700 level being key. If Ethereum breaks through it, a new impulse is possible.

Market participants are adopting a wait-and-see approach due to political expectations, primarily for the outcome of the Putin-Trump interaction. Meanwhile, European producers are facing pressure due to aggressive expansion of the Chinese economy and the need to adapt by lowering prices or finding new approaches to avoid displacement.

Gold, traditionally a safe haven in times of economic uncertainty, is also seeing a rise in value. However, it's not because gold is becoming more valuable, but because there's too much money in the world, and it's flowing into 'safe havens'.

August was a period of calm for the currency markets, with no significant movements. However, the abolition of the mandatory sale of foreign exchange earnings by exporters in August could contribute to a gradual devaluation of the Russian ruble in the coming months.