The Russian ruble will moderately weaken in the coming weeks. Thus, the national currency will react to the outcome of the meeting of the presidents of Russia and the United States. Even the positive dynamics of oil quotes will not help. As a result of yesterday's trading on the Moscow Stock Exchange, the dollar rose in price by 62 kopecks, to 62.35 rubles. Euros also went up by 27 cents, to 72.83 rubles. Currently, black gold is traded around $ 80 per barrel. In the foreseeable future there is no fall in value. First, the positive statistics on oil reserves and the number of operating drilling rigs in the United States. Secondly, the OPEC monthly report will be published soon, which will also give investors an excuse for optimism. But the impact of oil prices on the ruble will weaken. "The oil factor of the ruble exchange rate will continue to decline next week against the backdrop of own stories in the US dollar and the digesting by the domestic market of the outcome of the meeting between Putin and Trump July 16 in Helsinki. Until the end of next week, we expect the continuation of a moderate ruble weakening trend on the likely disappointment of its results, "said Vladimir Rozhankovsky, an expert with the International Financial Center. At the beginning of next week on expectations from the meeting of heads of state, the Russian currency will temporarily strengthen to 61.4-61.5 rubles for $ 1. But by the end of Friday, July 20, the rate may fall to 63.2-63.4 rubles for $ 1. Meanwhile, the euro and the dollar are also far from stability. They may be affected by the echoes of trade wars, which the US intends to unleash almost with the whole world, as well as domestic economic processes in America and the eurozone. For example, over the dollar there is a danger of revaluation of the investment yield of the US financial instruments for the worse.
The measures taken by the White House and the Federal Reserve do not yet lead to an improvement in the situation in the country: unemployment is rising, consumer prices are practically unchanged. This could lead to the fact that the Federal Reserve will abandon the planned four-fold increase in the discount rate before the end of the year. In these conditions, experts recommend not to trust long-term savings to foreign exchange assets. The matter is that exchange quotations of currencies are now relatively stable. And to change some monetary units to others in the hope of making a profit will not lead to anything good, because all spreads will be destroyed by the spread - the difference between the rates of buying and selling currency in exchangers.
Having bought the currency at the rate of "buying", it will take six months to wait until, at the time of handing it over to the "sale" price,.
"In a situation when world trade wars are gaining momentum and the risk of uncontrolled fluctuations of regional currencies is increasing, the best solution for a cautious investor will be investments in market instruments with low spreads. Such products can be purchased in banks that have in their structures management companies. First of all, the exchange funds for such industrial metals as nickel and copper, as well as classics of the genre - exchange funds for gold, are interesting, "advises Rozhankovskiy.