The analyst noted the continued strengthening of the ruble

Despite seasonal factors, the ruble continues to strengthen, but a trend reversal is possible by the end of summer. Olga Veretennikova, Vice president of the Borsell analytical company, shared this opinion in an interview with Izvestia on June 18.

"Traditionally, summer is considered a period of weakening of the ruble. There is a growing demand for foreign currency from the population who are planning vacations, especially to Turkey. In addition, exporting companies sell foreign exchange earnings in preparation for dividend payments," Veretennikova said.

However, according to the expert, it is already the middle of June, and the ruble remains strong. One of the reasons was the armed confrontation between Iran and Israel, which caused oil prices to rise, followed by the ruble exchange rate.

The strengthening was also influenced by the influx of foreign capital and tight monetary policy, which increases the attractiveness of ruble assets.

"These factors are temporary. By the end of summer, the national currency will gradually weaken, and the exchange rate may reach 80-83 rubles per dollar. The trend will continue until the end of the year," Veretennikova summed up.

It is tending to rollback: the dollar is predicted to return to 84 rubles in June.

At the end of May, the US currency weakened to two-year lows, but geopolitics and demand can reverse the trend.

On June 5, Maxim Chirkov, associate professor of the Department of Economic Policy and Economic Measurements at GUU, said that the US rejection of the debt ceiling could lead to a sharp weakening of the dollar and an increase in inflation. This decision will only accelerate the build-up of the national debt, which will eventually provoke a devaluation of the US currency.