According to the expert, the state of the US and Western European economies has been deteriorating for several months.
“The last straw was the pandemic events and the fact that the sanctions rebounded and hit the economies of the United States and Western Europe painfully,” Belyaev notes.
He clarified that, in his opinion, they hit the US economy less painfully, since it is "more resistant to this kind of shocks."
“Therefore, the dollar fell for a long time and stopped at the mark of 60 rubles.
With the euro, the story turned out to be worse, because the European economy is not so stable.
She suffered more than the American one, this determined the fall of the euro, ”concluded the economist.
The European currency fell below the dollar for the first time since 2002.