Yes but a peg alone doesn't mean that one currency can be on the way out. For example the pound was famously pegged right up until the day it wasn't: https://w

Yes but a peg alone doesn't mean that one currency can be on the way out. For example the pound was famously pegged right up until the day it wasn't: https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp https://www.investopedia.com/ask/answers/08/george-soros-ban... The relative strength of the two economies is really what matters, and sanctions + tariffs are a double-edged sword, the deeper you impale other countries, the deeper you impale yourself.