Analyst Zeltser warns Russians that the dollar will rise to 67 rubles in August
MOSCOW, AUGUST 3 – RIA Novosti. The factors that contributed to the strengthening of the ruble this summer will begin to weaken in August. The Russian currency may begin to decline due to the ongoing devaluation of the financial system, decreased exports and recovery in imports. said expert of the stock exchange “BCS World of Investments” Mikhail Zeltser agency “Prime”.
He reminded that the resumption of the budget rule in a new form is being discussed more and more frequently, that commodity prices may start to decline and the risk of increasing sanctions from the West has not disappeared. “The geopolitical background and issues with Taiwan should be added here,” said the economist.
Against this background, the dollar and euro are likely to begin to strengthen against the ruble. In August, the dollar can cost 65-67 rubles. Against this background, it is better to keep savings in Chinese yuan and Hong Kong dollars – at least there is no risk of withdrawal from trading by the Moscow Exchange, he concludes.
Source: Ria
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