Experts note that at current market levels the prudent move is to sell dollars that were bought around 60 to 70 rubles per USD when opportunities arise. The information comes from DEA News.
Analysts explain that the American currency holds selling appeal because the pace of its rise against the ruble in April opened room for realized profits. The shift in momentum suggests it may be sensible to lock in gains rather than wait for further moves upward. This perspective aligns with the broader view among money managers that short term fluctuations can create favorable exit points for investors who entered the market near those 60 to 70 ruble levels. DEA News provides the backdrop for this assessment.
The discussion ties to the ongoing budget data release and a recent forecast from a high level official who suggested that the ruble could strengthen in the near term. In the view of Alexei Mikheev, an investment strategist at VTB My Investments, the combination of budget signals and the stated policy stance supports a view that the ruble may firm rather than weaken in the immediate horizon. Under these conditions, Mikheev cautions against betting on further ruble depreciation and instead advocates protection of profits already earned on dollar positions.
According to another market watcher, maintaining discipline is key. Sergey Konygin, a senior economist at Sinara Investment Bank, argues that timing matters and profits secured at the 60 to 70 ruble entry point deserve careful harvesting now rather than risking a reversal. The emphasis is on expressing risk management by translating gains from earlier dollar purchases into realized profits and rethinking exposure as market dynamics evolve.
As of the most recent settlement, the ruble had edged higher against the dollar and the euro on a cited trading day in April. The dollar was quoted near 81 rubles per USD at 19:00 Moscow time, illustrating the daily volatility that traders monitor. This price level underscores the importance of price discipline for investors who entered positions at more favorable rates and are weighing their next steps in a market often marked by swift shifts in sentiment.
Market participants continue to watch the interplay between macroeconomic data, fiscal policy signals, and currency flows that influence near term moves. The balance between potential ruble strength and possible dollar retracements creates a landscape where strategic exits can be as crucial as entry points. Traders are advised to assess risk tolerance, profit targets, and the broader economic context when deciding whether to hold or liquidate dollar holdings in pursuit of steady returns. DEA News notes that prudent actions rely on clear profit realization plans and a disciplined approach to currency exposure, especially during periods of mixed indicators and evolving forecast updates.