The Russian currency is going through a difficult period. At auction on Wednesday, March 28, she sank to the dollar at 21 kopecks. As a result, the value of the US currency reached 57.72 rubles. But in relation to the euro, the ruble appreciated by 33 kopecks. The single continental currency stopped at around 71.01 rubles. The weakening of the ruble against the US monetary unit occurred as a result of the fall in oil quotes. Brent crude on the stock exchange fell 1.8%, to $ 68.74 a barrel. This was influenced by unfavorable statistics of the US Department of Energy, which showed that the country has increased its reserves of black gold and increased production.
Another important factor was the strengthening of the dollar in the international market. The meeting of the leaders of the DPRK and China was successful, which means that there will most likely be no wars on the Korean peninsula in the near future, and therefore, global economic upheavals do not threaten the world. Investors on pleasure started buying dollars at the expense of the ruble and other currencies of developing countries.
"Rossiyskaya" did not even save successful auctions of the Ministry of Finance of the Russian Federation, where the agency sold federal loan bonds for a total of 30 billion rubles, says Alpari analyst Vladislav Antonov.
It is possible that today the ruble will continue to weaken against the dollar and the euro. The main factors will remain oil prices (they may drop to $ 68.2 per barrel) and the dynamics of the dollar against the index of other currencies. At the same time, the mass expulsion of diplomats against the background of the scandal involving poisoning in Britain of the former GRU colonel Sergei Skripal and his daughter Julia.
"We can say that certain immunity to geopolitical news is still there. The impact of the current local crisis has been passed - the measures taken by the West are more related to diplomacy than to the economy, and not so excited the currency market, "said Sergei Suverov, head of the analytical department of the UK Sberezhenie Bank..
The ruble still keeps within the boundaries of the formed corridors. Gradual decline in its rate will not affect the economic situation in the country. Especially from the sharp devaluation, it is reliably protected by the "pillow", which was formed by the financial authorities of the country. Therefore, Russians should not be afraid of sharp fluctuations in the rate and the price jumps caused by it and a decrease in the purchasing power of the national currency.