There is a lull in the foreign exchange market caused by the onset of a long weekend in Russia. However, next week the Russian currency may fall into a steep peak. This will contribute to the aggravation of anti-Russian rhetoric on the eve of elections to the US Congress and fluctuations in oil prices. This morning, in the course of trading on the Moscow Exchange, foreign currencies are moving in different directions.. As of 11:28 Moscow time, the US dollar slipped by 13 kopecks, dropping to 65.59 rubles.. Euro, meanwhile, rose 6 kopecks, exceeding the level of 75 rubles. Now for a unit of European currency give 75.03 rubles, according to the website of the trading platform. Already on Tuesday, November 6, the Americans will half renew the composition of the Congress during the midterm elections.. Markets expect that immediately after this new sanctions against Russia can be announced, reports Rossiyskaya Gazeta. Another expected event is the meeting of the presidents of the Russian Federation and the United States, which will be held on November 11 in Paris.. The intensification of sanctions rhetoric and the clarification of sanctions issues against Russia is generally seen as the most likely after the negotiations between Vladimir Putin and Donald Trump. Congressmen do not immediately rush off the bat, and wait until the presidents agree, the main analyst of the company "BKS Premier" Anton Pokatovich believes. The next two weeks may be decisive for the dynamics of the ruble exchange rate until the end of the year.. After the holidays, the Russian currency will be traded in the range of 64-68 rubles per dollar, analysts at the center of macroeconomic analysis at Alfa Bank, Natalia Orlova and Alexander Red, say. If the US does not announce sanctions in the next few weeks, the likelihood of the ruble appreciating in November with an exit from the current side trend will increase significantly.. With the exception of oil and sanctions news, all other factors are in favor of the ruble.. The background in relation to emerging markets calmed down, the US sanctions against Turkey did not continue, Argentina agreed with the IMF about a large credit line, Asian economies continue to grow rapidly despite some pressure on their national currencies, said SDM Bank Treasury Edward Lushin.

The current lull is due to the anticipation of the outcome of negotiations between the Italian government and the European Commission, clarity with the future action program of the new president of Brazil, the outcome of the midterm elections in the United States and their impact on trade and geopolitical conflicts.. All this contributes to the consolidation of markets at current levels, experts say. However, after lateral movement, the exchange rate curve can move in either direction.. Nobody is insured against it.