Ruble dodged the western trap

02 April 2018, 13:10 | Economy 
фото с YTPO.ru

Catholic Easter protected the Russian ruble from shocks at the end of last week. The calm situation in the foreign exchange market will continue this week. But in the longer term, the "wooden" may again start trouble. However, there will be no global catastrophes. At the auction last Friday, March 30, the Russian currency rose by 11 cents to the dollar and by 4 kopecks to the euro. As a result, the cost of the "American" was set at 57.14 rubles, the euro began to cost 70.47 rubles. Today, significant fluctuations are not expected, since in most countries of the West today is a day off, and exchanges are closed. Most likely, the dollar will remain within 57-58 rubles, the euro - in the range of 70.2-71.5 rubles. Despite the diplomatic scandal that erupted after the poisoning of former Colonel GRU Sergey Skripal, the ruble's exchange rate remains stable. Strong support is provided by rising oil prices, high demand for federal loan bonds and the purchase of rubles by large companies to pay taxes. Experts are at a loss to say how the ruble will react further to the growth of geopolitical tension. On the one hand, threats of escalating confrontation into new economic sanctions sound more evident. But on the other - the imposition of sanctions against the Russian Federation is unprofitable for large American and European businesses. "As the experience of recent Washington shows, wherever the interests of large financial companies are present, and in Russia, many international financial conglomerates have reliable and highly profitable investments, the policy is taking a back seat," said Alexander Egorov, a foreign exchange strategist at TeleTrade.. In April, the pressure on the ruble will gradually increase. In the first week of the month, many important reports can be released - on reserves and oil production, on the state of the American economy - that may affect the value of the Russian currency. In addition, if the diplomatic conflict goes over to the economic channel, this will have very serious consequences for both the ruble and the entire domestic economy as a whole. "Although the Russian currency successfully reflects the foreign policy negative, I'm inclined to consider its weakening in April," said Alpari analyst Vladislav Antonov. As a result, by the end of April, the dollar may rise to 60 rubles and more. However, the current situation is still in no way comparable to the events of four years ago, when Russia introduced the first portion of sanctions. Then the ruble was not prepared for this and for the first quarter it lost 15% of its value. Now this is impossible.

Источник: YTPO.ru