The Russian currency at the opening of trading on the Moscow stock plays out after yesterday's devastating collapse against the dollar and the euro. By 10:45 MSK "green" fell in price by 27 cents, to 58.15 rubles. The unit value of the European currency decreased by 13 kopecks, to 71.38 rubles. While it is premature to talk about changing the downtrend. During yesterday's trading, the ruble lost 81 kopecks (1.41%) against the dollar and 83 kopecks (1.5%) against the euro. Forecasts of currency analysts have come true: under the influence of negative factors, the ruble appreciably weakens.
The moderate decline in prices will continue in the coming days. A sharp drop in value is not expected, but stressful circumstances, alas, have not gone anywhere. First of all, this decline in the cost of oil and the index of Russian government bonds (RGBI). On the eve of the barrel, Brent fell by 2%, to $ 64.08, and the index dropped 0.1%, to 143.71.
Another unfavorable circumstance was the strengthening of the dollar. After a long fall, the US currency went out of hibernation and now wins back losses to major world currencies. To this, one should add the consequences of the collapse of the stock markets, after which investors began to actively buy up defensive assets: the Swiss franc, yen, gold and the same dollar. Interest in the currencies of developing countries fell sharply, and it hit hard on the stability of the ruble.
By the way, the representative of the Federal Reserve William Dudley said yesterday that the expectations of three increases in the level of the basic interest rate in the US this year are fully justified. The increase in interest rates puts pressure on stock markets. So they will still have a fever for a while, which will negatively affect the ruble quotes.
At the same time, the Russian currency is unlikely to be affected by the results of the meeting of the Bank of Russia. The market expects that the regulator will reduce the key rate by 0.25%, to 7.5%, but this probability is already taken into account in the value of the ruble, so that no noticeable fluctuations in the exchange rate will occur, believes Alpari analyst Vladislav Antonov.
The ruble has a hope to stay afloat, experts say. Three factors immediately support the Russian currency: "low inflation, seasonally good indicators of the current account of the balance of payments and a good demand for Russian assets," said Agvan Mikaelyan, member of the Board of Directors of ACG FinExpertiza. However, these circumstances can not be considered long-term support. Only serious oil and the absence of geopolitical tension will help seriously strengthen the ruble, the expert added..