Analyst predicted dollar fluctuations would be below 90 rubles 15:29

This week was successful for the Russian currency; From June 3 to June 7, the dollar exchange rate decreased by 1.49% to 88.76 rubles. This trend will continue next week – from June 10 to June 14, the dollar will fluctuate up to 90 rubles. This is the estimate from our conversation with RT voiced BitRiver financial analyst Vladislav Antonov.

According to the expert, the ruble has strengthened this week due to expectations of the Central Bank’s interest rate increase. This is also facilitated by the low demand for the currency, with a high supply in the domestic market. The analyst added that negative factors such as the decline in world oil prices and the increase in the Ministry of Finance’s budget deficit forecast did not affect the ruble exchange rate.

Antonov believes that the ruble will remain positive if energy prices remain high and there are no sharp external shocks.

“The dollar is expected to continue fluctuating below 90 rubles in the week between 10 and 14 June. “Trade for the euro is expected to be in the range of 95.8-98.3 rubles, and the Chinese exchange rate is expected to be in the range of 12.1-12.5 rubles,” he said.

Let us recall that BCS World of Investments analyst Denis Buivolov was in a conversation with gave a different prediction. According to him, next week the dollar exchange rate will rise to 90 rubles and the euro to 98 rubles.

At today’s meeting of the Central Bank for the fourth consecutive time was recorded key rate of 16% per annum. After that the ruble “symbolically strengthened” stated Alexander Bakhtin, investment strategist at BCS World of Investments. He said that in general, the reaction of the national currency to the Central Bank’s decision was neutral.

Previously Vladimir Putin appreciated They use the dollar as a sanction tool.

What are you thinking?

Source: Gazeta


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