After the meeting of the US and Russian presidents, the value of the Russian currency rushed down. Optimistic expectations of investors, because of which there was a demand for Russian assets, have not yet been realized. Additional pressure on the ruble will be made by the head of the Federal Reserve System Jerome Powell. At the opening of trading on Tuesday, July 17, the US dollar rose to the ruble by 7 kopecks, to 62.4 rubles, and the euro - by 20 kopecks, to 73.19 rubles, according to the website of the Moscow Stock Exchange. Partly this is caused by the decline in oil quotes: in the morning the cost of a barrel of Brent crude oil fell by 0.5% to $ 71.52.

However, the hydrocarbon factor at the moment for the ruble is not so important. Much more important are geopolitical events and news from overseas. Currency players currently digest information about the outcome of the negotiations, Vladimir Putin and Donald Trump. "The results can be considered moderately positive - the parties outlined ways of finding a consensus.

Vladimir Putin called the talks with Donald Tramp the first step in "clearing the rubble" in Russia-US relations. However, in the case of Donald Trump, there are no guarantees that his rhetoric in Twitter regarding Russia will become softer. Accordingly, investors are not in a hurry to revise their attitude to Russian assets, "- quotes Prime Analyst of Alpari Roman Tkachuk. The head of the US Treasury will address the Congress this week with a six-month report on the monetary policy of the Federal Reserve. The published text of the speech does not contain surprises: until the end of 2018. the regulator is going to raise the key rate twice more. Therefore, specialists are interested not in numbers, but in the tonality of speech. If Powell retains neutral rhetoric about the course of monetary policy, the yield of US bonds will remain at the same level, and the dollar rate will not change significantly. If he makes harsh statements and promises to raise the key rate, it can lead to a sharp exchange rate jump. In this case, the Russian ruble may noticeably fall in price. The situation for the currencies of developing countries will worsen if the head of the Federal Reserve stresses the growing inflationary risks. In this case, emerging markets may again experience the outflow of foreign capital. For Russia, this means that demand for federal loan bonds will drop, and after that the ruble rate will drop. Analysts say that recently the ruble has become closely linked with other currencies of developing countries. "We believe that in the coming week the general dynamics of the entire group of currencies emerging markets will continue to be of paramount importance to the Russian currency," the Rossiyskaya Gazeta newspaper quotes Mikhail Poddubsky, chief analyst of Promsvyazbank. The impact of oil on the ruble exchange rate has declined due to the current budgetary rule, which is consistently adhered to by the Ministry of Finance.

Now prices for black gold are jumping up and down, but the Russian currency remains relatively stable at the same time. When quotes are raised, the Ministry of Finance buys more foreign currency on the domestic market; less when lower. "The beginning of the tax period will also not support the ruble until the activation of exporters in the market occurs only at the beginning of next week," said Vladimir Evstifeev, head of the analytical department of Zenit Bank. According to various estimates, this week the US dollar will remain in the range of 61.5-63.4 rubles.