Since the beginning of this week, the Russian currency has sank by 22% – from 55 to 63 rubles per dollar
The dollar may consolidate at the level of 70 rubles by the end of July. This was announced by BitRiver financial analyst Vladislav Antonov.
“Since the beginning of this week, the Russian currency has sank by 22% – from 55 to 63 rubles per dollar, and the maximum mark at the auction was approaching 65 rubles,” Antonov explained. According to him, if the ruble continues to weaken, the dollar will consolidate at the level of 70 rubles by the end of July, while the euro will be in the region of 72-73 rubles. He also clarified that the European Union could plunge into recession due to restrictions on gas supplies. The Russian currency may not fall as much against the European currency as against the dollar
It is beneficial for Russians to buy dollars before foreign exchange intervention, but in the future there may be problems with their use, Yaroslav Kabakov, director of strategy at the FINAM investment company, said earlier. It was reported “National News Service”.
Earlier URA.RU wrote that the ruble can be considered the most efficient currency in the world, since since the beginning of 2022 it has strengthened by 50% against the euro and the dollar. American analysts also recognized the ruble the strongest currency in the world to date. Russian President Vladimir Putin noted that the dollar and euro are losing their value. Putin also emphasized that in 2022 the ruble exchange rate shows the best dynamics among all currencies in the world.
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The dollar may consolidate at the level of 70 rubles by the end of July. This was announced by BitRiver financial analyst Vladislav Antonov. “Since the beginning of this week, the Russian currency has sank by 22% – from 55 to 63 rubles per dollar, and the maximum mark at the auction was approaching 65 rubles,” Antonov explained. According to him, if the ruble continues to weaken, the dollar will consolidate at the level of 70 rubles by the end of July, while the euro will be in the region of 72-73 rubles. He also clarified that the European Union could plunge into recession due to restrictions on gas supplies. The Russian currency may not fall as much against the European currency as it does against the dollar. It is beneficial for Russians to buy dollars before foreign exchange intervention, but in the future there may be problems with their use, Yaroslav Kabakov, director of strategy at the investment company FINAM, said earlier. This was reported by the National News Service. Earlier, URA.RU wrote that the ruble can be considered the most efficient currency in the world, since since the beginning of 2022 it has appreciated by 50% against the euro and the dollar. American analysts also recognized the ruble as the strongest currency in the world today. Russian President Vladimir Putin noted that the dollar and euro are losing their value. Putin also emphasized that in 2022 the ruble exchange rate shows the best dynamics among all currencies in the world.