At the close of trading on the Moscow Stock Exchange, the dollar rate will be 90-91 rubles. This forecast was given to socialbites.ca by Dmitry Babin, stock exchange expert from BCS World of Investments.
“The ruble exchange rate fell sharply at the opening of trading, but quickly returned to upward dynamics. Shortly before the start of the main session, the strengthening of the ruble accelerated; Another acceleration in the growth of the exchange rate occurred in the midst of trade. The dollar fell just below 91 rubles for the first time since the end of July, the euro set a weekly minimum at around 97.5 rubles, and the yuan approached 12.45 rubles for the first time since early July. To date, currencies have rebounded from their lows as part of the correction. “The exit from the three-week consolidation of the ruble exchange rate was upward,” he commented.
The expert added that this happened due to the high oil prices that have persisted for the past few months, as well as the tight monetary policy of the Central Bank of the Russian Federation and strengthened exchange controls. According to Babin, these factors will contribute to the further strengthening of the ruble exchange rate.
According to the Moscow Stock Exchange, the dollar exchange rate for settlements “tomorrow” at 14:03 Moscow time fell by 96 kopecks to 90.93 rubles, the euro – by 49 kopecks to 96.156 rubles, the yuan – by 9 kopecks to 12.45. ruble.
Before that socialbites.ca saidWhat will happen to the dollar exchange rate in the short term?
Dollar exchange rate before I went down It fell below 91 rubles for the first time since July.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.