The Russian currency, despite the positive prerequisites, is weakened considerably this week. On the eve, on April 25, during trading on the Moscow Stock Exchange, the US dollar rose in price by 74 kopecks, to 62.36 rubles. Euro meanwhile went up by 53 kopecks and reached 75.91 rubles. Everything says that today this unpleasant tendency will continue. Investors did not have time to calm down completely after the outburst of geopolitical tension and a new portion of sanctions against Russia, as a new attack hit the ruble. US experts predicted a rapid increase in inflation in the country, why the yield of US government bonds jumped up to a record level of 3% per annum. Because of this, many Russian securities holders began to dispose of them in order to purchase American bonds. Naturally, the surplus of ruble funds in the market negatively affected the exchange rate of the national currency. Another trouble for the ruble was the growth of the dollar against other currencies. Because of the rising US dollar depreciation of oil. Its brisk growth in the last couple of weeks has slightly softened the ruble hit when falling.

Now this supporting factor disappears. Finally, the stability of the ruble was finally broken by the actions of the Bank of Russia. He continues to buy foreign currency for the Ministry of Finance in huge volumes, making the ruble weaken literally in front of the eyes. To keep at the established level, the ruble was not helped either by the peak of tax payments (exporters bought the national currency to pay off the state), nor the next auction for the sale of federal loan bonds. Today and in the coming days, the value of the Russian currency may drop further. "The yield of ten-year US government bonds remains the key driver for all exchanges. If on Wednesday it was most of the time in a sideways trend, today its growth will accelerate. According to my estimates, in the course of US trading it will rise to 3.07% per annum, which will negatively affect the Russian currency, "said Alpari analyst Vladislav Antonov. In addition, it is likely that this week the Central Bank of Russia will leave the key rate at the same level, reducing the popularity of ruble bonds. However, sooner or later this will be the limit. "The national currency may continue to weaken and further.

There is a risk that it will drop to 65 to the dollar, especially if in May the US Federal Reserve will again raise its rate. But still it will not stay there for long. And the swing will necessarily turn in the opposite direction, in the direction of strengthening, "- believes the head of the analytical department of the UK" BC "Savings" Sergei Suverov. Moreover, on the whole, there are no fundamental factors for the weakening of the ruble, and in general, it looks more respectable compared to other currencies of developing countries, the expert adds..