Next week the dollar will cost 92-95 rubles. This forecast was given to socialbites.ca by BCS World of Investments analyst Denis Buivolov.
“The ruble continues to receive significant support from exporters’ forced sales of the majority of foreign exchange earnings. Another factor for the ruble is the rigidity of the Central Bank policy. “A 200-point increase in the interest rate to 15 percent will mean an improvement in the position of the national currency in the medium term,” he said.
Buivolov suggested that oil prices may continue to fluctuate at relatively high levels around $90 per barrel relative to the North Sea benchmark Brent in the near future.
“A decrease in the dollar exchange rate in the world market may improve the position of oil prices and developing country currencies. This comes as geopolitical concerns about the growing conflict in the Middle East ease, as well as the US Federal Reserve’s skepticism about the need for new interest rate hikes. “From a technical perspective, the level of 92.5 rubles per dollar is important,” he said.
Before that in Russia guess Until the end of November, the dollar is 90 rubles.
Previously investment strategist named The new level of the dollar exchange rate after it fell to 91.6 rubles.