Ruble may face a sharp decline during May holidays. This estimate was shared by Financial Analyst Vladislav Antonov in an interview with the agency. “Hit the lining”.
“For next week between April 29 – May 2, 2025, a trade range is foreseen in the range of 80.00-89.50 rubles,” he said.
According to him, the right time for tax payments on April 28 usually helps to strengthen the ruble. However, in existing facts, this fact may be less noticeable against the background of increasing volatility due to the properties of the Moscow stock exchange trade calendar in the foreign exchange market. Analyst said that it could create additional uncertainty and lead to sharp fluctuations in courses.
This week, the dollar, on the contrary, shows a decrease. Analysts predicted A possible decrease in the American national currency is below 80 rubles. The reasons include the active sale of the Central Bank and Exporters Currency and the growth of foreign investors on the basis of the heating of relations between the Russian Federation and the US.
In addition, an important factor affecting the strengthening of the Ruble was economic and technical conditions as well as the Easter ceasefire. However, according to experts, the current situation is temporary – a decrease in petroleum prices will reduce foreign exchange revenues and will lead to a decrease in the ruble.
Duma at the beginning of the state saidWhy is Russia uninsuitable for a very powerful ruble.
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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.