BitRiver financial analyst Vladislav Antonov said that a strengthening of the ruble is possible after the official end of the New Year holidays and the beginning of the new working week. The expert talked about this in an interview with the agency “Hit the primer”.
According to Antonov, currency trading on holidays takes place in a narrow range in a market with low liquidity, which leads to small fluctuations in the ruble of 90-91 per US dollar.
The analyst believes that from January 9, when the holidays officially end, short-term multilateral movements are possible, mainly to support the ruble. Especially exporters who had to sell their foreign exchange earnings at the beginning of the working week will return to the market. The Bank of Russia will increase foreign currency sales within the scope of its operations. All this, together with a positive trade balance and a balanced fiscal policy, will support the ruble, and therefore the exchange rate may fall below 90 rubles per dollar again.
Vladimir Grigoriev, formerly finance expert, candidate of economic sciences statedHe said that the most profitable investment options for Russians in 2024 will be gold and the US dollar.
Formerly Central Bank of the Russian Federation raised key rate up to 16%.