The Russian currency began the week too relaxed. On the eve, it has fallen in price by 34 kopecks against the dollar and 30 kopeks against the euro. As a result, the American currency began to cost 57.48 rubles, the euro - 70.73 rubles. The ruble continues to hold positions under unprecedented pressure. The world is afraid of the beginning of trade wars, which the US is ready to unleash against everyone in the world, the slowdown in the growth of the world economy and the impending instability, and therefore investors do not risk investing in the currencies of developing countries.
In addition, the situation around the "Skripal case" continues to get worse - the relations between Russia and the countries of the West are worse than you can imagine. All this threatens the ruble with major troubles. Since early March, the value of the Russian currency against the dollar declined by 2%.
The fall could be much more dramatic, but the positive news. First, foreigners still enjoy frenzied popularity of Russian securities. Their release and sale allow the authorities to fill the treasury and maintain the stability of the ruble.
Secondly, high oil prices still play a major role in shaping the ruble exchange rate. Black gold is steadily more expensive due to the fact that Americans have covered some of their drilling rigs. In addition, participants in the OPEC + deal want to agree on its extension. And the likelihood of US sanctions against Iran could lead to the fact that the Islamic Republic will reduce the export of raw materials, why the prices for it are growing even more actively.
Geopolitical influence on the ruble is weakening, but it is still. Therefore, "the ruble's exchange rate will keep the downward dynamics," believes Alpari analyst Vladislav Antonov.
Now everyone is waiting for when in the US they will calculate how much oil they have in their bins. If the reserves did not rise much, then the prices for hydrocarbons will increase even more. A little bit more, and they will pass for $ 70 per barrel.
However, if it turns out that the statistics on new jobs and the growth of salaries in the US will be positive, then it can strengthen the dollar, and then the ruble will slip.
"In general, the situation on the Russian currency is fairly neutral: negative and positive factors mostly balance each other, which is why in the near future it is worth waiting for the rate in the range of 57.5-58 rubles for $ 1," the analyst of the social network eToro investors in Russia and the CIS Mikhail Mashchenko.