The ruble will stand and grow

13 March 2018, 12:31 | Economy
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The Russian ruble at the opening of trading on Tuesday, March 13, remains unchanged in relation to the dollar and the euro. Obviously, the "wooden" will try to catch up the day before. Yesterday, the national currency finished in a solid minus, slipping by 22 kopecks against the dollar and by 38 kopeks against the euro. As a result, at the end of the day for $ 1 gave 56.88 rubles, 1 euro was 70.13 rubles. On the ruble from all sides is an aggressive attack. Yesterday's extension of anti-Russian sanctions by the EU in itself did not add much to the negative. At the same time, investors received a clear signal that in the next six months there will be no noticeable strengthening of economic ties between Russia and Europe, and therefore Russian assets should be invested with great care. Such a position has a bad effect on the value of the ruble. Another danger for the Russian currency are the plans of the US Treasury to introduce new economic restrictions against our country. The nature of the sanctions is not known to the end - in Washington they darken. But investors are in any case preparing for the worst scenario, expecting that the authorities of the United States can impose a ban on the purchase and sale of Russian federal loan bonds. Finally, the US Federal Reserve is preparing to raise the key rate at the end of the month. The Bank of Russia, on the contrary, plans to reduce this figure. Reducing the difference between the rates is not in favor of our country.

Russian government bonds lose profitability and become less attractive asset. This undermines the stability of the ruble. In favor of strengthening the Russian currency, only the relative stability of oil prices. Now the cost of black gold is $ 65.8 per barrel. It is possible that this week it will go up even more. It all depends on the reports of OPEC and the International Energy Agency.

There are rumors that Americans are going to reduce the number of operating rigs. This means that oil reserves will decrease, which means that prices will go up. However, all of the above negative factors do not threaten the ruble with a catastrophe. Officials and experts are convinced that a sharp collapse of the ruble exchange rate is not expected under any circumstances. Whatever happens, the American currency is likely to remain within the long-established corridor between 55.7 and 58.86 rubles, said analyst of the social network for investors eToro in Russia and the CIS, Mikhail Mashchenko. In turn, Finance Minister Anton Siluanov promised that in the foreseeable future there will be no exchange rate jumps.

"The dependence of the rate on oil has declined, and with the continuation of our policy, it will continue to continue this way. While there is no reason to talk about a sharp change in the ruble, "- said the head of the Ministry of Finance. Analysts say that the balanced policy of the Central Bank keeps the ruble at a stable level. Stability is more important than high or low cost. The reliability of this asset ensures a high inflow of foreign capital into the domestic economy.




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