The dollar may rise to 85-90 rubles.
The strengthening of the Russian currency, which has been observed recently, contributed to the growth of foreign currency supply in the market. However, this may end next week, Russian media reported, citing analyst Bohdan Zvarych. which will go to pay taxes on Monday.
Given the weak demand for the currency, caused by lower imports due to the rupture of supply chains, increased supply has led to a significant decline in the dollar and euro against the ruble. Yes, the dollar/ruble pair withdrew around 73 rubles during this decline.
But next week the main world currencies – the dollar and the euro may move to recovery.
< "Reducing the ruble's support from exporters due to the peak of tax payments and easing currency regulation will contribute to this," Zvarych added.
He concluded that the 85 -90 rubles per unit of US currency.
Read also: In Russia, double-digit inflation, but the ruble is strengthening: whether to expect a collapse in the near future
Earlier it was reported that < Russia may enter default very soon. If foreign currency bonds are paid by May 4, the default will be “canceled”, but the next debt repayment will have to be considered immediately (May 25). >
What will happen after the default? Russia will be forced to decide something with its debt and negotiate with creditors. If he does not want to repay the debt and agree on refinancing, then he is waiting for the seizure of state assets, courts, restrictions on investment, etc.
