After Donald Trump’s inauguration, the ruble will most likely not experience sharp fluctuations against the dollar. The agency reported that this would be possible only in case of unexpected actions of the new US President. “Hit the primer” Dmitry Tselishchev, General Director of the investment company Ricom-Trust.
According to him, the event itself is quite unimportant for the financial market.
“Any upward or downward speculative movements during this period will occur depending on the current situation in the domestic market,” Finansör said.
He emphasized that the ruble may strengthen in the short term due to the stable trade balance and the tax period expected at the end of the month. The rate in this case may be 100.5-101 rubles per dollar.
However, the Trump administration may take steps in the future, such as the imposition of promised tariffs on imports, that would significantly impact the global economy and cause higher inflation in the United States. Tselishchev stated that in this case, we may see the dollar at 115 rubles or even higher levels.
A day ago analyst Alexander Potavin recommendedIt was stated that Donald Trump’s arrival at the White House could have a significant impact on relations between Russia and the USA and therefore affect the ruble exchange rate.
Previously RIAC, Trump’s won’t stop dedollarization.
What are you thinking?
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.