At the beginning of the week, the US currency rate will fall, and then it will start to rise sharply. Therefore, those who are considering investing part of their savings in dollars, it is strongly recommended to wait for the environment.
Such advice is given by the expert of the "International Financial Center" Vladimir Rozhankovsky. At the end of last week, the ruble eased slightly to the main world currencies. As a result of Friday's trading on the Moscow Stock Exchange, the dollar rose in price by 15 kopecks and so rose to the level of 66.41 rubles. The euro rose by only 2 kopecks, to 78.06 rubles, according to the data of the trading platform. Today, significant fluctuations in the exchange rate of the domestic currency should not be expected. Most likely, it will slowly grow stronger. On the side of the ruble, there are several important factors, notes "Rossiyskaya Gazeta". First, this is a wise position of the RF Ministry of Finance, which for the third week in a row cancels auctions on federal loan bonds, fueling investors' interest. Gradually, the demand for securities is growing, which means that the financial department is approaching acceptable borrowing parameters. Players wanted to buy up bonds at a low price, but now they will have to raise rates. Secondly, the country's financial authorities still refuse to buy foreign currency in the domestic market, thereby adding to the ruble's weights.
Last week, it was decided not to make currency interventions until the New Year. Thirdly, the stock market remains positive situation. Bidders are lined up for shares of Russian companies that promised increased dividends to shareholders. The profitability of Russian exporters' business is growing due to high oil and weak ruble. However, on Wednesday, September 26, the favorable for the ruble situation may change. The day before, an important meeting of the US Federal Reserve System will take place, at which a decision will be made about the further fate of the American key stake. Further increase it is dangerous, because because of rising prices, the growth rate of the US economy slows down, the first signs of deflation. Nevertheless, both US President Donald Trump and Federal Reserve Chairman Jerome Powell previously stated that the rate will continue to rise. If it rises again, then demand for US bonds will increase, which means that the dollar will also strengthen.
If the events develop according to the second scenario, then already from Wednesday we should expect a noticeable weakening of the ruble to the "American". "We expect the ruble to continue strengthening up to the level of 65.80-66 against the dollar and, to a lesser extent, to 78.01-78.03 against the euro.
As it was already said, from Wednesday the backward movement and moderate correction of the ruble will begin to the current levels - 66.5 rubles per dollar and 78.3 rubles per euro, "Vladimir Rozhankovskiy forecasted the ruble rate.