Experts predicted the ruble is the final collapse

07 September 2018, 13:29 | Economy
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The probability of introducing a new package of anti-Russian sanctions by the US authorities is growing every day. On Thursday, September 6, US senators returned to discuss this issue, and on the eve of this date, British law enforcers finally released "evidence" of involvement of Russian special services in poisoning Sergei and Yulia Skripaley. This can hardly be a mere coincidence. During yesterday's trading on the Moscow Stock Exchange, the dollar went up by an entire ruble, to 69.25 rubles, and the euro rose in price, and even stronger - by 1.11 rubles, to 80.5 rubles, according to the data of the trading platform. The ruble has been weakening for a whole month, but for the time being this is only a warm-up before the really rapid fall that may occur if a new package of anti-Russian restrictions is introduced. "The threat of sanctions will continue to weaken the ruble, and the target of further easing is the region of 72 rubles per dollar and 84 rubles per euro. And the threat of further collapse of the national currency forces the CBR to take non-standard measures. In particular, the bank expressed its readiness to buy its own bonds to support the market, "expert of the International Financial Center Olga Prokhorova told Rossiyskaya Gazeta.. Additional pressure on the ruble renders the decision of the Ministry of Finance of the Russian Federation to resume purchases of the "hard" currency for replenishment of reserves under the budget rule. In August, the department did not do this, which slowed down the ruble somewhat. In September, purchases will be carried out with a double zeal. True, operations will be conducted not on the open market, but directly from the Central Bank. Perhaps this will help reduce the negative impact on the national currency. In addition to the threat of sanctions and currency interventions of the Ministry of Finance, the ruble is provoked by a growing dollar. Investors are waiting for the release of statistics on the labor market in the US. But even if the indicators are worse than forecast (which will mean a slowdown in the growth of the economy), this will not affect the decision of the Federal Reserve to raise interest rates this year. This will make US securities more profitable, increase demand for dollars, lead to an increase in its rate, making the ruble even more cheaper. Faith in the best gives except that the relatively stable state of the Russian economy, which is achieved due to the strong positions of the balance of payments and the strength of the country's largest companies.

For the first time in seven years, Russia has a budget surplus, and the national debt is at an extremely low level of 17% of GDP. Today, the exchange rate of the domestic currency on the exchange is growing towards the dollar and the euro. As of 11:00 MSK, the US currency sank by 20 kopecks, the European one - by nine. It's not worth it to be seduced: it's just a correction after a long fall. Investors buy up the ruble at a minimum, which may temporarily turn the currency trend. But the fundamental factors that can help the ruble go into growth, yet.




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