The ruble continues to desperately pound with the dollar and the euro. On Wednesday, April 4, the Russian currency grew by 12 cents to the "American" and 9 cents to the "European". But today everything is back to square one. As of 11:27 Moscow time on the Moscow stock ruble sank to the dollar at 14 kopecks, dropping to 57.58 rubles, to the euro - to 4 kopecks, down to 70.6 rubles. Yesterday, the national currency was supported by oil prices, which rose after the announcement of a decline in commercial gold reserves in the US by 3.3 million barrels per week, as well as a successful auction of the Ministry of Finance of Russia on placement of federal loan bonds. Despite fears about the possible start of a full-scale trade war between Washington and Beijing, when money will have to be urgently removed from risky assets and invested in gold or the good old dollar, "the appetite for risk returned to the market," said Alpari analyst Vladislav Antonov. Investors yesterday willingly bought the ruble, which led to the growth of its rate. "Without strong negative dynamics of the oil market until the end of the week, the ruble will demonstrate stability. The dollar will be traded in the range of 57-58 rubles, the European currency - 70-71 rubles, "believes senior analyst of Alpari Vadim Iosub. However, the forecasts for April as a whole so far remain disappointing for the ruble. It hurt a lot on him to fall recently.
"The Russian currency is still vulnerable due to external factors, so for the next month from it I expect a weakening to foreign currencies," - said Antonov. First, oil may fall in price very soon. Already quite a long time she is trying to get out for a mark of $ 70 per barrel, but she can not gain a foothold there. After each such attempt, it appreciably loses its value. Now the market is alarmed by rumors that Saudi Arabia is going to lower the official price for its raw materials, which will lead to a drop in world oil prices. It is possible that they will fall to $ 63 per barrel, which will negatively affect the stability of the ruble. Secondly, currency speculators will closely monitor the exacerbation of the geopolitical situation.
If the diplomatic scandal erupts even more and real sanctions are introduced against the Russian Federation, this could shake the entire Russian economy. "Realization of these risks seems unlikely, but in a negative scenario, the ruble may lose up to 5% of its value to foreign currencies," concluded Iosub. In this case, very soon the dollar can grow to 60 rubles, the euro - up to 73-74 rubles. But this does not mean that you need to urgently buy foreign currency. The situation remains unstable, and the balance can swing both in one direction and in another direction.