The root causes of the ruble’s depreciation against the dollar have not been eliminated, so the US currency will continue to strengthen. This opinion was expressed in an interview by the candidate of economic sciences, financial analyst Mikhail Belyaev. “Lente.ru”
The expert believes that the dollar could rise to 110 rubles.
According to Belyaev, the decision of the Central Bank of Russia to raise the key rate to 12% was expected to help stop the depreciation of the ruble, but this did not happen.
“There was some correction in the hype tail that was growing against the backdrop of a multi-month trend, managed to be cut and stopped with the help of a really high key ratio, but that in no way corrected the internal disease. way,” the financial analyst shared.
Belyaev believes that the ruble will continue to fall, as the fundamental factors have not disappeared and are only aggravated by the key rate, the economic mechanism is working hard. At first, a “float break” is expected as they occur in the psychological area and speculators are still contributing, so the dollar rate fluctuates around 95.
Then this trend will continue to depreciate the Russian currency. The expert predicted that the dollar would likely rise to 111 rubles.
Dollar exchange rate on the Moscow Stock Exchange on August 17 fallen Under 93 rubles.
Previously recognizedHow the weakening of the ruble will affect the state of the economy.