The ruble is doomed to an endless fall

13 November 2018, 14:51 | Economy
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US currency rises in the global market. Therefore, the monetary units of developing economies, including the Russian ruble, are under tremendous pressure. Today, the “Russian” holds its position, but in the foreseeable future its value will gradually decrease.. During trading on the Moscow Stock Exchange, the main world currencies sank to the ruble. Since the opening of the exchange session, the dollar has lost 10 kopecks in price, falling to 67.74 rubles.. The euro fell by 11 kopecks, and its value fell to 76.11 rubles, according to the website of the trading platform. The behavior of the ruble was affected by the increase in oil prices.

However, this impact will be rather limited.. It will not be able to “compensate for the ruble the nervous expectation of new US sanctions,” says Vladimir Evstifeyev, head of the analytical department of the Zenit bank.. According to him, the risks of updating the mid-term highs of the dollar and the euro look high. The head of the direction for analyzing the markets of Ingosstrakh Investments Asset Management, Valentin Zhurba, noted that the volatility in the ruble-dollar pair has increased in recent days. "This was due to the cheapening of oil and sanctions rhetoric. The same factors will remain dominant in the coming weeks, with the dollar rate reaching 69-70 rubles, ”the expert’s opinion of Rossiyskaya Gazeta quotes.. The last time the Russian currency cost so much in September of this year.. And more than 70 rubles per ruble have not been given since March 2016.. The dollar is supported mainly due to confident growth rates of the US economy.. The slowdown in investment activity in the economy is offset by higher wage growth, October statistics showed.

The US regulator sees no obstacles to another increase in the base rate in December and three increases in 2019. In addition, the dollar may continue to strengthen against the background of European problems that are associated with the risks of the banking crisis in Italy and the lack of agreements on the UK leaving the European Union. "Against the background of the low attractiveness of emerging markets, capital outflows in the US should continue, which will support the dollar position," concluded Evstifeev..




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