In the coming days, the ruble will weaken, because clouds have again thickened over it in the form of sanctions and pessimism of investors.
Nevertheless, the "wooden" will try to reverse the negative trend, so experts predict significant fluctuations in the exchange rate. Today, August 30, the Moscow stock exchange "Russian" again weakens to the main world currencies, although at the start of trading he showed growth. As of 10:50 Moscow time, the dollar increased by 16 kopecks, to 68.1 rubles. The euro strengthened by 9 kopecks, to 79.68 rubles, according to the website of the trading platform. So far, no surprises have occurred: the ruble remains within the limits of the corridors that formed in the last three weeks. However, already in early September, the Russian currency could break these boundaries. Local support for the ruble in the form of a tax period, the peak of which fell on August 27-28, stopped, and the growth of oil quotations is now clearly not enough to allow the domestic currency to consolidate seriously, said in an interview with Rossiyskaya Gazeta the head of the analytical department of Zenit bank Vladimir Evstifeev. Global investors continue to bypass the developing markets, and therefore the demand for Russian assets is low. Therefore, further gradual decline in the ruble seems to the expert the most likely scenario. The currencies of developing countries are hardest hit by the dollar. He again moved on to growth, as the consumer confidence index in the US reached its maximum since 2000. marks. Players prefer to invest in US bonds. "Against the background of persisting risks of trade wars among market participants, there are growing fears that the current trends will develop into a full-fledged crisis in emerging markets," noted Alexander Bakhtin, investment strategist at BCS Premier.. Director of the Department of Operations in the financial markets of the SMP Bank, Yevgeny Fenchenko believes that the inflow of funds to the market of Russian federal loan bonds (OFZ) is hampered by the tense geopolitical situation. This week, one package of sanctions came into force, in September, most likely, a decision will be made about a second, much more serious.
Here are investors and are cautious. Proof of this is the auction of the Ministry of Finance on the placement of OFZ. The financial department was faced with a deficit of demand:.
of the estimated 15 billion rubles to attract turned out to be only 13.2 billion rubles, while the amount was relatively small, and the paper was offered to investors after the break, said in a comment to Prime analyst of IFC Solid, Vadim Kravchuk. In the coming days, Yevgeny Fenchenko predicts high volatility of the ruble, predicting that the dollar will fluctuate within 67.5-68.5 rubles. Vladimir Evstifeev expanded the forecasted range of fluctuations to 67-70 rubles per dollar.