Artur Meinhard, head of the global markets analytics department at IC Fontvielle, claims that the dollar could rise to 100-120 rubles per unit by the end of 2023. It has been reported URA.RU.
According to him, today there are no major fundamental factors that could reverse the ruble towards strengthening.
Meinhard emphasized that if we exclude the administrative decisions of the Russian government and the Central Bank and the tightening in monetary policy, there is a tendency to devaluation.
He said the ruble was simultaneously affected by several factors, one of which was the “money starvation” against the backdrop of a price ceiling and falling oil and gas revenues following the introduction of a series of sanctions.
Before that, Mikhail Vasiliev, chief analyst of Sovcombank declarationnext week the dollar will be traded at 89-94 rubles, the euro at 98-103 rubles, and the yuan – 12.3-13 rubles.
In general, he explained that the ruble has been weakening almost continuously for the past seven months and more than a month.
Former US Treasury extended sanctions against Russia.