In November, the ruble may strengthen to 90 per dollar due to the forced sale of exporters’ foreign currency earnings and the weakening of the dollar after the decisions of the US Federal Reserve. writes about this “Russian newspaper”./
A possible escalation of the conflict in the Middle East could push oil prices to $90 per barrel or higher, which would have a positive impact on the Russian currency.
Financial analyst Vladislav from BitRiver predicts, “In November, the dollar may be in the 91-96 ruble corridor, the euro will be traded in the 97-102 ruble corridor, and the yuan will be traded in the 12.2-13 ruble range,” predicts Antonov.
According to AMarkets analyst Artem Deev, in the coming days the dollar rate may drop to 92 rubles, the euro will cost about 97 rubles, and the yuan will cost about 12.6 rubles.
“In general, in November the dollar will not approach the 100 ruble mark, and the euro will fluctuate around it, but it will not rise too much,” Deev believes.
Meanwhile, according to Otkritie Investments analyst Andrei Kochetkov, in the near future the ruble exchange rate may come under pressure from foreign exchange purchases to replenish the National Welfare Fund. In addition, oil prices, which are still under pressure due to the weakness of the Chinese and European economies, will also affect the situation. However, the expert notes that the targets of 91.6 and 90 rubles per dollar remain valid.
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