Analyst Dzhioev said the current strengthening of the ruble is a return to balance

No time to read?
Get a summary

The current strengthening of the ruble, the return to equilibrium levels. About this newspaper “Izvestia” declaration Alpha Capital Analyst Alexander Dzhioev.

“The current strengthening should not be called a ‘rapid rise in prices’, but rather a return to equilibrium levels,” Dzhioev said.

According to him, the weakening of the ruble in April was of an emotional nature, since then the factors of geopolitical news and the sale of enterprises by foreign companies in Russia have come together.

He added that we can talk about the strengthening of the ruble over a longer period of time, as the inflation rate is quite moderate and the current trade account has a surplus. The situation is also influenced by positive forecasts for the growth of the Russian economy.

May 13, Candidate of Economic Sciences Leonid Khazanov declarationstates that the dollar exchange rate may change depending on various reasons. Therefore, you should not rush to buy or sell US currency now. According to him, now the ruble is getting stronger and this is under the influence of a number of factors. For example, the Bank of Russia has not changed the main rate, several companies are preparing to pay dividends, exporters are selling the currency they earned during the May holidays, and there is fear of a default in the United States.

No time to read?
Get a summary
Previous Article

Singer Billy Joel sells his US property for $49 million

Next Article

Estonia announces the arrival of additional troops of the US Armed Forces