Analyst Antonov predicted the lateral movement of the ruble this week
MOSCOW, September 22 – RIA Novosti. Until the end of this week, the dollar/ruble, euro/ruble and yuan/ruble pairs will continue to move sideways in the ranges, declaration agency “Prime” financial analyst BitRiver Vladislav Antonov.
The expert reminded that during Wednesday’s trading, the dollar and euro exchange rates returned to their closing levels on Tuesday, while the trading volume in the yuan/ruble pair has doubled since the beginning of the year. In addition, the British pound fell on the news of the suspension of trading in this currency by the Moscow Stock Exchange. According to Antonov, such a step is due to possible risks and difficulties in making payments in UK currency. If Gazprom does not restart Nord Stream, the Moscow Exchange will also suspend euro trading.
The analyst added that the fall in oil prices will have a negative impact on the ruble.
Antonov noted that the Russian currency is still strong and shows a clear trend towards more moderate strengthening in the medium term.
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