The ruble will continue to fall

11 September 2018, 12:22 | Economy
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The Russian currency has not developed an antidote against accumulated negative factors. Having updated yesterday a two-year anti-record, the ruble will continue to move down this week. As a result, the dollar will firmly entrenched above the mark of 70 rubles. At the auction on Monday, September 10, the American currency went up by 65 kopecks, to 70.56 rubles. The last time more than 70 rubles a dollar was worth in March 2016. , when the country was just recovering from the crisis of 2014-2015. The single European currency gained price even faster, having risen in price for a day by 1.03 rubles, to 81.83 rubles, according to the website of the Moscow Stock Exchange. Negative factors for the ruble remained the same. Because of them all this week, "Russian" will continue to get cheaper. At best, it waits for fluctuations in the area of ??current indicators. There is no chance of strengthening. In this opinion, the majority of experts agree, "Rossiyskaya Gazeta". "The main factors for the weakening will be the stable weakness of emerging markets, the threat of new sanctions from the US and the EU," believes Anton Pokatovich, chief analyst of BCS Premier..

This week (namely on Wednesday, September 12), the US Senate will consider options for a new package of restrictive measures against Russia. This will deter market participants from trying to implement a recovery scenario. According to the head of the analytical office of the bank "Zenith" Vladimir Evstifeev, the outlook for the ruble looks moderately negative.

He does not exclude that the "American" can reach up to 71 rubles. The dollar will be supported by a powerful flow of favorable economic statistics from overseas. This weakens and will continue to weaken the positions of the assets and currencies of developing and commodity markets. "The geopolitical background remains tense, and emerging markets are again facing a new wave of outflow of foreign capital. The situation may change for the better for the Russian currency in the second half of September, when the tax period in Russia will start, "the expert noted.. The ruble exchange rate will also be sensitive to the events in Syria.

Government troops are preparing a decisive offensive on the province of Idlib - the only region that continues to be in the hands of armed rebels. The West vying to accuse the regime of Bashar Assad of the possibility of using chemical weapons, and Russia - in that she allegedly closes her eyes to it. Under the most unfavorable scenario over our country, the threat of further sanctions may hang, this time the "chemical". On Friday, September 14, the Bank of Russia will hold a meeting at which the key rate may be raised.

If the regulator demonstrates control over the situation to the markets, and also adheres to the position of cautious tightening of monetary policy, the ruble may have the opportunity to strengthen, Anton Pokatovich admits. In this case, the ruble may rise to 68-69 per dollar. If the decision is not made, investors can begin a large-scale "flight from risks," and this threatens the preservation of the dollar rate above 70 rubles for another month. In the future, the external pressure on the ruble will not decrease. A confident strengthening of the national currency will not happen. The whole question is, how fast will the domestic currency weaken.




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