The stability of the national currency is still firmly tied to oil quotes. Last Friday, May 25, raw materials fell in price, and after him the ruble weakened. The Russian currency lost 68 cents to the dollar and 39 cents to the euro. As a result, the "American" rose to 62.28 rubles, the "European" - to 72.57 rubles. Today this trend will continue. At the end of last week, oil was cheaper on news that the OPEC countries and Russia are going to significantly increase the extraction of raw materials. The increase in production can reach up to 1 million barrels per day. Unpleasant statistics for the ruble came from the United States: the Americans increased the number of operating rigs by 15 per week. As a result, the price fell by more than 3.5%, falling to a level of $ 76.09 per barrel of Brent. This impulse was so strong that today the stock exchanges will continue to win back this news, that is, the ruble will become cheaper. "The watch is on oil. And it still seems to be under pressure, and its value will decline in waves, and the ruble, respectively, will weaken by waves, "believes financial analyst Boris Belkin. This week, the ruble will lose another support factor.
The tax period supporting the national currency is coming to an end. On Monday, May 28, companies have only to pay tax on profits.
Rubles for this will need 2.5 times less than on Friday. "Taking into account that the tax period has come to an end, against the background of the decline in oil quotes, the weakening of the ruble will increase with the opening of trading on the Moscow Stock Exchange. According to my estimates, the dollar exchange rate should open in the region of 62.9 rubles, the euro rate in the region of 73.2 rubles, "said Alpari analyst Vladislav Antonov. A saving straw for the ruble in the coming days could be the state of affairs in the American economy. There are enough problems: the number of applications for unemployment benefits has increased, the yield of US bonds is declining. In addition, the rhetoric of the Federal Reserve System about the prospects for raising interest rates is not in favor of the dollar. Experts believe that at the current level of oil prices, the fair exchange rate of the national currency is 55-59 rubles for $ 1. However, the policy of the Ministry of Finance and the Central Bank. The chances of strengthening the ruble "will appear only after the full or partial abolition of the budget rule, if the new cabinet of the government decides to direct the money, which is now used to keep the above-mentioned corridor, to finance projects called upon by the president to accelerate economic growth," believes analyst of the Finam Group Sergei Drozdov.
"The artificial devaluation of the ruble brings additional dividends only to exporters and the budget, weakening the position of retailers, especially those working with imports. In my opinion, such a skew, while maintaining oil prices above $ 65, in the long term should be leveled. Otherwise, the rise in price of gasoline with stagnant consumer demand may encourage retailers to raise prices, which in turn will lead to exceeding the upper limit of inflation indicated by the Central Bank of 4%, "concluded the expert..