The dollar is falling rapidly

16 February 2018, 12:22 | Economy
photo YTPO.ru
Text Size:

After a long fall, she frantically tried to break the unpleasant trend for herself and played her losses a little, but then again fell headlong downhill. At the auction on Friday, February 16, the "green" updated the three-year minimum to the basket of major world currencies. The dollar index fell to 88.31. In just a day, the dollar lost 0.8% of its value, and weekly losses were 2%. As a result, the outgoing week has become the worst for the dollar in the last two years, notes "Expert". Not surprisingly, the total collapse of the US currency allows the ruble to add to the price. During yesterday's trading, the Russian currency strengthened to the dollar at 30 cents, in the morning of today's trading session - another 2 kopecks. As a result, at the present moment the cost of $ 1 calculations by "tomorrow" is 56.37 rubles. The euro also strengthens against the dollar, but faster than the ruble. So the relative value of the Russian currency in relation to the European one falls. This morning, the ruble sank to the euro by 10 cents, to 70.61 rubles. Experts say several reasons why the US currency is not the most prosperous period in its history. Firstly, the statistics leave much to be desired. Retail sales in the US in January fell, commercial oil reserves - too, inflation, contrary to expectations, did not slow down. And if so, the country's financial authorities are likely to refuse an aggressive increase in the base rate. This means that the dollar will partly lose its attractiveness to investors. Secondly, investors again woke up interest in risky assets. Storm in the stock market settled, and now the funds can be withdrawn from the shelter and invested in profitable but unstable assets.

Accordingly, players willingly get rid of dollars and acquire rubles, yuan and the currencies of other emerging economies. But over the Russian ruble, cloudless sky. Besides the fall of the dollar, other factors support the national currency. For example, oil. The prices for it remain at a high level.

This morning, the cost of April futures for the North Sea oil blend of Brent brand rose by 0.51%, to $ 64.66 per barrel. The cost of black gold, however, may already be affected today if it turns out that the US has increased the number of operating rigs. Another lifeline for the ruble is the high demand for government bonds. In the absence of sanctions on Russian OFZs and amid rumors of a possible increase in Russia's rating to the investment level, there is a significant interest of foreign investors in the ruble and ruble securities, analysts state..




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer