Analyst Antonov predicted the fall of the ruble at the end of 2022 due to sanctions
MOSCOW, September 30 – RIA Novosti. In the short term, the ruble exchange rate may continue to strengthen, we should expect movements of 53 rubles per dollar and 50 rubles per euro in October. However, BitRiver’s financial analyst Vladislav Antonov told the Prime agency that all the prerequisites are for the rate to jump to 70 rubles per dollar by the end of the year.
The expert argues that the energy crisis, the collapse of the euro and the British pound in the foreign exchange market have only been in the hands of the ruble. During the three quarters of 2022, the foreign exchange market has become low liquid, trading volumes for all major currency pairs have only decreased. The economist said that the world economy is in danger of collapsing due to the sharp rise in interest rates, but it is difficult to predict whether this will strengthen the ruble.
According to BitRiver forecasts, the ruble has every chance of reaching June highs in early October. However, the expert concluded that continued threats of sanctions and restrictions on capital movements are more likely to signal a limited weakening of the ruble to 70 rubles by the end of this year.
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