The dollar will collapse after the weekend

23 November 2018, 12:14 | Economy
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The ruble is in relative stability. In the near future, his stability is not threatened.. And next week, the “Russian” has every chance of scoring extra points and gaining strength against the main world currencies.. Last week's trading on the Moscow Stock Exchange began quietly. At the start, the ruble rose by 1 kopeck against the dollar and sank by 2 kopecks against the euro. As of 10:48, the rate of the American currency was 65.61 rubles, European - 74.87 rubles, according to the website of the trading platform. On the eve of the foreign exchange market there was a lull due to the weekend in the US, where they celebrated Thanksgiving Day. The ruble rose slightly against the dollar and fell against the single currency. "In the global Forex market the attention of speculators and investors was riveted on the news from Brexit and Italy.

In this regard, the Russian currency ignored the fall in oil prices ", - said Alpari analyst Vladislav Antonov (his words are quoted by Prime). According to the expert, the ruble intends to hold the achieved positions before the weekend. But since Monday, the Russian currency can go up. The key factors for it will be the sanction delay and the preparation of exporters for the tax period.. Chief Analyst at BCS Premier, Anton Pokatovich, believes that before the meeting of the presidents of the Russian Federation and the United States, investors will take a wait on the sidelines of the G20 summit in late November. An additional positive for the ruble could be the signals that next year the US Federal Reserve will take a pause in the rate hike cycle.. (This means that the yield on US debt securities will not grow, and therefore investors will show greater interest in emerging market instruments, including ruble bonds. ) Next week will also have a peak of tax payments to the Russian budget, which the traditional supports the ruble.

"The main risks for the ruble exchange rate today, according to our estimates, are formed by the oil market. The ruble exchange rate will be difficult to maintain the inertness to the decline in oil prices below the level of $ 60 per barrel, "quotes the expert" Rossiyskaya Gazeta ". Considering the above, we can expect that next week the dollar may drop to the level of 65.2 rubles, noted Pokatovich.

But the head of the market analysis of Ingosstrakh Investments Asset Management, Valentin Zhurba, predicts that the dollar may fall to 64.75 rubles..




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