EconomyRevealed the moment when a new weakening of the...

Revealed the moment when a new weakening of the ruble began

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Exchange office. Archive photo

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.

“Against the background of geoeconomic tensions and the high toxicity of the currencies of unfriendly countries, the ruble has become the strongest currency in the world. But you need to understand that this phenomenon and the situation itself is very relative.” recorded by the addressee.

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.

Source: Ria

Regina
Regina
With a passion for storytelling and reporting, I am an experienced writer and Editor with a focus on sports. As an Author at News Unrolled, I write engaging stories on the latest developments in the world of sports. My articles have been featured on numerous global media outlets and my work has been highly praised by renowned editors.

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