The dollar may be at the level of 79 rubles next week, which means that there may be a slowdown in world currencies given the ongoing risk of recession in Europe. About this RT declaration private investor Fedor Sidorov, founder of Practical Investment School.
“The probability of a recession in Europe is still high. With that in mind, I believe that next week we will see a slowdown of 79 rubles per dollar and 84 rubles per euro in world currencies and quotes.”
According to him, today the dollar rate stopped its sharp fluctuations and reached a kind of plateau. At the same time, in mid-May, the dollar and euro managed to make a breakthrough, adding an average of three rubles to the exchange rate.
He added that the strengthening of the dollar and euro in the middle of the month was due to the changes in the oil market. Now an important date for the USA is approaching – June 1st. The thing is that the debt ceiling issue has not been closed yet, so the uncertainty and uneasiness in the market continues.
Earlier on Friday, BitRiver financial analyst Vladislav Antonov declarationA default in the US on June 1 could cause the dollar to depreciate significantly, which could adversely affect the Russian economy.