The ruble will be assigned a course before the New Year

21 September 2018, 14:03 | Economy
photo YTPO.ru
Text Size:

Within a few days, ruble quotes will continue to grow, but then the trend will unfold in the opposite direction, and for the domestic currency again will come hard times. However, before the end of the year, it is likely to stay in the range below 70 rubles. In today's trading on the Moscow Stock Exchange, the ruble retains its yesterday's position relative to the main Western currencies. As of 11:00 Moscow time, the US dollar rose in price by 1 kopeck, to 66.27 rubles. The euro fell by 2 kopecks, falling to 78.02 rubles, according to the website of the trading platform. According to experts, this lull is temporary. Today we can expect quite high volatility in the markets and all sorts of surprises without any reason. The strategy chosen by investors presses the dollar down, and by the end of the day it may fall below 66 rubles. "Given the general positive attitude towards risky assets and, in particular, the currencies of developing countries, the chances of penetrating the level are quite high, and then the next very strong level is in the region of 64 rubles for $ 1," the Russian newspaper quotes the words of the head of the direction on the analysis of the markets of UK "Ingosstrakh-Investments" Valentina Zhurby. Negative factors that the ruble may face are the same: the strengthening of the dollar and the threat of sanctions. But against them the Russian currency has reliable protection. This is the beginning of the tax period, the peak of which will be on September 25, and a correction bounce in emerging markets, and expensive oil. Having felt the risk reduction, investors can again give preference to Russian securities, and for the ruble it will be a good help. However, as positive factors fade away, the situation will not change for the better for the ruble side. After all, whatever one may say, there have been no fundamental improvements in emerging economies. As for the ruble, it continues to strongly depend on the overall pendulum of market sentiment, new spontaneous sanctions and oil quotations.

The next week may become the determining factor for the Russian currency. If, after the current correction, there is no new rapid weakening, then the situation will gradually enter a more calm channel. It is not necessary to count on the appreciable strengthening of the ruble because of the continuing pressure on emerging markets in the form of trade wars, sanctions and an increase in the interest rate in the US. Nevertheless, before the end of this year, the Russian currency may well remain in the corridor of 65-70 rubles for $ 1.




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer