The ruble will recoup on the dollar

21 August 2018, 11:20 | Economy
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The fall in the value of the domestic currency, which occurred last week, in the coming days will be replaced by a smooth slide with an alternating direction. By Friday, the ruble can catch up if good news comes from overseas. At yesterday's auction on the Moscow Stock Exchange, the rate of "Russian" fell to the main European currencies. As a result of the trading day, the dollar gained 8 kopecks, to 67.11 rubles. The euro grew by 39 kopecks, to 77.09 rubles, according to data on the site of the trading platform. Experts explain the rise in the value of the US and European currencies by the high hopes of investors for successful negotiations between Washington and Beijing that are aimed at overcoming the trade conflict between the world's largest economies. "Support for major currencies was provided by speculation on the upcoming trade talks between China and the United States, which will be held on August 22-23," - explained in the comments for Prime analyst of Alpari company Vladislav Antonov. This week the fate of the ruble will depend on external factors. Due to the traditional August lull, there are no positive internal signals. Temporary narrowing of liquidity in the financial system weakens the positions of the domestic currency. "Since the Bank of Russia stopped buying currency in reserves due to increased volatility of the ruble, we do not expect any competing internal factors that could act in conjunction with external ones and increase the ruble's fall," said the expert of the International Financial Center Vladimir Rozhankovsky (his words lead "Rossiyskaya Gazeta"). Pressure on the "wooden" is the continued fall in the index of Russian government bonds, news from the US-China talks, as well as the publication of the US Federal Reserve's protocols and the speech of its head Jerome Powell with an annual report. However, the last factor can play a ruble for the benefit of.

Specialists are of the opinion that Powell will refrain from the former firm rhetoric in favor of the unconditionality of the policy taken to tighten the monetary policy of the United States. This can lead to the fact that the overheated dollar by Friday has a chance to adjust a little. This, in turn, will enable the Russian currency to retreat from the toxic mark of 68 rubles per dollar. There are, however, more pessimistic estimates.

According to them, by Thursday the dollar rate should take the level of 69 rubles. And the euro could come close to 80 rubles.




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