The dollar will be destroyed in two days

23 April 2018, 12:20 | Economy
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The Russian currency this week will receive a powerful stimulus for further strengthening.

The value of the dollar can again return to 60 rubles. It would have happened earlier, if it had not been for the Ministry of Finance with the Central Bank. Last week, the "wooden" continued to slowly but surely regain strength after a rapid fall in early April. On Friday, April 20, there was a slight deviation from the schedule: the dollar rose in price by 50 kopecks, to 61.4 rubles, the euro strengthened by 27 kopecks, to 75.46 rubles. This was due to the fact that the financial authorities of the Russian Federation resumed active purchases of foreign currency for the replenishment of reserves. The ruble was actively sold, which had a negative effect on his course. In early April, the Bank of Russia took a pause in currency interventions, as the ruble was already under strong pressure due to new sanctions.

But last week the Central Bank returned to buying dollars and euros. Over four days the regulator purchased more than $ 290 million. If not for this, the ruble recovered much faster. This week, the Russian currency is able to make a leap towards strengthening. First, the external background remains positive: the ruble has already "digested" sanctions, in Syria the situation has calmed down, the US and the EU have ceased to shake the new restrictions to Moscow. Secondly, oil continues to appreciate, despite the fact that the Americans have increased the number of operating drilling rigs. World reserves of black gold were low, so oil is now in price. Today, April 23, for a barrel Brent brands are already giving $ 74. Two months later, on June 22, a regular meeting of OPEC members and representatives of countries outside the cartel will be held in Vienna. There will be discussed the extension of the global oil pact. Representatives of the oil-producing powers are already making optimistic speeches and pushing investors to buy. Finally, a strong support for the ruble this week will be the offensive of the tax period. Since April 25, exporters will need to pay to the treasury two taxes (on value added and on mining), as well as excises. For this reason, starting from Monday, active exchange transactions will begin on the market. "All factors that affect the value of cash, play in favor of the growth of quotations.

And with a decrease in the risk of escalation of the conflict in the Middle East, we can quite see the rate at the mark of 60-60.5 rubles for $ 1, "- believes analyst of the social network for investors eToro in Russia and the CIS, Mikhail Mashchenko. "If new risks are not realized in the geopolitical arena, the peak of tax payments coupled with high oil prices may open the way for further restoration of the ruble's position," Igor Kovalev, an analyst with the InstaForex Group, agrees..




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