The growth of the ruble exchange rate was short-term - 2 days of growth resulted in the weakening of the Russian currency. On Tuesday, February 27, the ruble rose to a maximum in 2018: for the dollar was given only 55.56 rubles. However, already on the afternoon of February 28, the dollar rate rose to 56.3 rubles. Experts believe that the ruble was shaken because of the statement of the new US Federal Reserve Chairman Jerome Powell. Speaking at a congressional hearing, he did not rule out the possibility of four interest rate hikes this year. "On Wednesday will be published a large block of statistics from the US, including the GDP estimate, good data can reinforce the words of Powell, and the upward correction of the dollar may accelerate," - quotes the newspaper. ru "of the expert BCS Broker Sergey Gayvoronsky. He added that oil prices also stopped supporting the ruble - Brent futures moved to correction, and the Russian currency fell under additional pressure.
The negative influence on the ruble exchange rate, according to Gayvoronsky, can also be provided by the recently announced new US sanctions. US Treasury Secretary Stephen Mnuchin earlier said that new restrictive measures against Russia "will be introduced in the next 30 days". Most likely the rate of the ruble to the dollar will fluctuate from 54 to 61 rubles. for a dollar, says leading analyst TeleTrade Mark Goichmann. Analyst Alor Broker Kirill Yakovenko agrees with him: "The dollar exchange rate is likely to push away from the lows and will move 58 rubles, and then to 60 rubles per dollar".