Domestic currency is still stable. This is not due to stable positive trends, but due to the temporary absence of negative news.. But literally around the corner of the ruble there are at least two unpleasant surprises that can lead to a rapid depreciation.. So far, everything is quiet on the currency market. On Wednesday morning, the ruble rose slightly to major world currencies, but then gave up the slack. As of 11:05 Moscow time, the Russian currency fell by 3 kopecks against the dollar, and 7 kopecks against the euro.. Thus, the current dollar exchange rate was 65.59 rubles, the euro - 74.47 rubles, according to the Moscow Exchange website.. One of the possible negative factors that could lead to a depreciation of the ruble, experts say the deterioration of the situation on the oil market. Recently, the “Russian” is no longer so strongly tied to the value of “black gold,” nevertheless, the influence remains quite strong.. Even today, official data on oil reserves should be released in the US, reports Rossiyskaya Gazeta. They are expected to shrink, and then oil quotes will creep up, and with it the ruble will also strengthen..
However, if the forecasts are not confirmed, the Brent mark of barrel may drop to $ 75. The second negative factor for the ruble is the approach of US mid-term elections, on the eve of which anti-Russian rhetoric is increasing across the ocean. After voting, Congress may return to the issue of sanctions.. If lawmakers impose restrictions on the purchase and sale of Russian government bonds, the ruble will collapse. In addition, the ruble may be weakened by the lack of sales of export currency earnings, as well as a global decline in risk appetite in light of the ongoing trade wars and the negative news background from the eurozone associated with Italy (there the parliament can not accept the budget for next year). In addition, the expected decline in unemployment in the US (statistics will be released on Friday) could strengthen the dollar’s ??position against the currencies of developing countries.
Salvation for the ruble could be a distraction from US lawmakers in China and Saudi Arabia, which also cause the United States a lot of problems.. In addition, we must not forget that the dollar index is already almost at annual maximums, which means that the rate of the American currency will hardly grow noticeably in the near future. With the current level of oil prices and demand for Russian assets, the ruble is undervalued among the currencies of other developing countries.