The ruble could gain another 1-2% versus the dollar and the euro, according to a recent market forecast by a recognized finance expert and economist. The analysis suggests the ruble may be nearing its current strength limit, with little room for a dramatic surge beyond what has already been observed.
According to the specialist, the ruble currently finds support from several concurrent drivers. Oil prices remain at a favorable level for the Russian currency, and the government has expanded the rules requiring exporters to convert a larger share of foreign earnings into rubles. These steps contribute to a more robust domestic demand for the ruble even as global markets fluctuate.
In late trading, the euro fell to the neighborhood of 97 rubles on major market venues for the first time since early February, signaling renewed pressure on the European currency within the Russian trading framework.
Another industry expert previously suggested that the dollar might slip toward the 89.5 ruble mark in the coming days, highlighting the possibility of short-term declines driven by shifts in oil prices and policy actions.
There are ongoing discussions about rising foreign currency sales by Russian residents, which could influence currency dynamics in the near term. Analysts emphasize the impact of macroeconomic policy, energy prices, and market sentiment on the ruble’s trajectory, noting that currency movements often reflect a balance between domestic stabilizers and external financial pressures.