The ruble is tipped to fall

15 January 2018, 19:45 | Economy
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Despite the fact that oil prices are setting new records, the ruble may fall. As reported by The Bell, by the end of the first quarter of 2018, the Russian currency could "lose weight" by 4%. The reason for the fall could be purchases by the Ministry of Finance of currency for the replenishment of the National Welfare Fund, as well as further US sanctions, analysts of Nordea and UBS. In addition, the ruble may be affected by the fall in the attractiveness of the carry trade system. According to experts, if the Central Bank of Russia and the US Federal Reserve do not change their policy, the scheme may cease to bring benefits to investors this year, which will cause the outflow of speculators from the Russian market. Oil prices also may soon stop growing.

"We are at a point where investors are getting nervous as the market is overheated," leads the publication of the words of the president of the analytical company WTRG Economics, James Williams. While the situation is developing successfully for the Russian currency - the dollar rate since mid-November last year fell from 60 to 56 rubles, and the price per barrel of oil is $ 70. However, analysts warn: everything is changing. At the same time, the federal budget of Russia for the next 3 years is formed from the calculation of the cost of oil at $ 43.8 per barrel.




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