Ruble Outlook: April Moves and Economic Factors

The ruble is expected to weaken against the dollar as long as key economic conditions in Russia do not shift markedly. This assessment comes from Mikhail Belyaev, a candidate of economic sciences and a financial analyst at Lente.ru. He notes that in April the ruble may hover around 78 per dollar, with daily market movements anchoring near 78, and potential edge moves toward 79 or 80 as the month unfolds. Belyaev emphasizes that the dollar’s strength is not tied to a rise in oil prices. In the past, the ruble tended to move in tandem with oil, but today the currency’s trajectory often reflects a broader set of domestic and global factors beyond crude oil costs.