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Analyst Deev predicted the dynamics of the dollar and the euro in the near future

2022-12-19T09:30:25.322Z


Artyom Deev, head of the analytical department at AMarkets, told RT in an interview what caused the euro to rise to 70 rubles for the first time since May 27.


According to the analyst, the weakening of the ruble against the dollar and the euro is a consequence of the growth in imports and the reduction in export flows in Russia in recent weeks.

“If for a long time the supply of currency was relatively stable with low demand (companies established parallel import programs after the sanctions were imposed), now the situation has changed - import supplies are growing every week.

Accordingly, the demand for the currency is growing, and at the same time, exports (due to EU restrictions on the oil price ceiling from Russia) are shrinking, which puts pressure on the national currency, this is especially noticeable when paired with the European currency,” Deev explained .

He added that in the future the ruble "will still win back part of the losses."

“Next week, exporters will transfer taxes and excises in rubles to the budget, which will increase the demand for ruble liquidity.

The dollar exchange rate may drop to a level of about 63.5-64 rubles per unit, the euro exchange rate to 68-69 rubles, ”concluded the interlocutor of RT.

Earlier it became known that the euro exchange rate during trading on the Moscow Exchange on December 19 for the first time since May 27 exceeded 70 rubles.

At the same time, the dollar exchange rate exceeded 66 rubles for the first time since May 30.

Source: russiart

All news articles on 2022-12-19

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