After yesterday's grandiose collapse of key currencies against the ruble, there is a lull on the Moscow stock exchange today. On the eve of the dollar fell by 81 kopecks, to 55.7 rubles, the euro exchange rate - by 1.05 rubles, to 68.57 rubles. So few of these currencies did not cost the whole month. At the opening of the current session, the dollar sank for another 6 kopecks, to 55.64 rubles, but the euro slightly strengthened its position - by 3 kopecks, to 68.6 rubles. Monday's splash was caused by good news.
The rating agency S & P has increased the credit rating of Russia, recognizing that the domestic economy is in a happy state. Therefore, investors immediately had a desire to invest in the domestic currency and other Russian assets.
Today's calm trading is caused by the need for respite. Players "digest" what happened and build further plans. But the country can sleep peacefully: in the coming days, the stability of the domestic currency is not threatened. The situation may change in March. The American currency, having received from the ruble a weighty slap in the face, is saving power to strike back. Financial authorities of the US intend to restore the shaky position of the dollar against most of the world's currencies. The American economy is now not in a better condition. The state treasury is thoroughly leaky, public debt is inexorably growing. Therefore, investors will actively get rid of the debt securities of the US Treasury. Released funds will flow in different directions, including will be translated into rubles (and currencies of other developing countries) and into Russian government bonds. But most of them will go to buy dollars. This will lead to increased popularity of the "green". And in this situation, the ruble can not resist, believes the head of the analytical department of the company Dominion Stanislav Verne. This "will be a signal for the formation of a new upward momentum, which will lead the exchange rate of the dollar again at least to 58.7 rubles," quotes the expert "Rossiyskaya Gazeta". For our country this will not be very good. As prices for imported goods rise, after them inflation will jump up, and the purchasing power of the ruble will decrease. But so far there is nothing to worry about. Russian currency is supported by the current tax period, during which Russian exporters pay MET, VAT and excises. This leads to increased demand for the national currency. Grow and oil quotes.
The barrel of Brent blend has risen in price to $ 67.86. By the time the dollar starts to go up against the background of an increase in the rate of the Federal Reserve System, the ruble may already acquire additional protection that will keep it from strong fluctuations. In the end, the Ministry of Finance of the Russian Federation and the Bank of Russia can come to the rescue. So even under the most unfavorable scenario of a catastrophic fall in the exchange rate of the Russian currency,.