Dollar and euro fell to monthly lows against ruble

No time to read?
Get a summary

In the Moscow Stock Exchange auctions on Thursday, the US dollar rate decreased by 1.5% to 77.98 rubles, should from site data. The dollar hit its lowest level since April 3, 2023.

The euro rate fell 2% to 85.98 rubles, a record since April 4th.

The yuan lost 1.8% to 11.25 rubles.

“Russia’s foreign trade situation has improved: the bottom has been reached in terms of export earnings, the gap between the Urals and Brent continues to fall actively, at the end of winter from $ 50 a barrel of Russian blend is worth almost $ 60. and the rate of increase in imports slowed down significantly. And these are internal factors for the ruble, ”says Mikhail Zeltser, stockbroker of BCS Mir Investments, explaining the strengthening of the ruble against currencies to socialbites.ca.

May 3, economist Mikhail Belyaev in an interview with Lenta.ru expression The opinion that the dollar can return to 60 rubles, provided that Russia improves its position in the economy or the situation in the USA worsens sharply. Belyaev explained that the situation could be “absolutely anyone.” But the moment of shock when the dollar is 50-60 rubles is unlikely to happen again.

No time to read?
Get a summary
Previous Article

UN will need $445 million to help Sudanese refugees

Next Article

5 keys to April 2023 unemployment data