The ruble is influenced by geopolitics: stock analysts explained what is happening with the exchange rate of the Russian Federation

Federal News Agency |  Stepan Yatsko
Federal News Agency | Stepan Yatsko

About currency fluctuations FAN found out in the expert department FBA “Economy Today”. Market specialists explained some of the volatility of the ruble and predicted how much it will affect the results of trading.

The ruble closed down yesterday, while the dollar gained 0.4% from 80.80 rubles to 81.15. Now, also in the area of ​​the closing price, the currencies of the Russian Federation and the United States are traded.

“The main thing that is now putting pressure on the ruble is that the tax period has ended, and there is no longer such a “overhang” of currency for sale, there may only be a certain number of currency conversion transactions for paying dividends. But the main negative factor for the ruble now is geopolitics. Firstly, it is expected that today the United States may announce new sanctions against Russia, and secondly, the US senator Graham, who recently visited Ukraine, claims that a counteroffensive of the Armed Forces of Ukraine is expected in the coming days. Of course, yesterday’s terrorist acts of the Armed Forces of Ukraine – drones launched towards Moscow and the Moscow Region, also played their role, ”the source of the FAN explained what was happening.

According to the expert, all this is very seriously unnerving market participants, and this geopolitical tension will continue in the coming days and may increase, which will have a negative impact on the Russian currency. But in general, while the ruble remains in the range from 75 to 82 against the dollar.

Against the yuan, the ruble also slightly weakened yesterday – to the level of 11.43, but today it has slightly recovered and is trading at the level of 11.38. Here, the corridor from 11 to 11.5 rubles per yuan also remains the current range, summed up an employee of the expert department of the FBA Economics Today.

Formerly Deputy of the State Duma of the Russian Federation Sergey Kolunov said that the BRICS intend to discuss a common unit of account, which could potentially lead to the emergence of a new currency.


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