The analyst named a condition for the growth of the dollar
Conditions are being created in the foreign exchange market that can bring the dollar exchange rate back above 80 rubles. Spartak Sobolev, Head of the Alfa-Forex Investment Strategy Research Department, expressed this opinion on Wednesday, July 2.
"Activity in the foreign exchange market has remained low in recent weeks. The US dollar has gained a foothold in the range of 77.5 — 80 rubles, the euro — 88.5 — 94.2 rubles, the yuan — 10.8 — 11 rubles," he said in an interview with RT.
The expert believes that hints from the Bank of Russia (CBR) about the possibility of further rate cuts in July have slowed down attempts to strengthen the ruble.
"Conditions are also being created in the market for the purchase of foreign currency by the regulator within the framework of the budget rule," he concluded.
Earlier in the day, Ivan Efanov, an analyst at Cifra Broker, noted that an unusual phenomenon was observed in the foreign exchange market: contrary to forecasts, the dollar was not showing a strengthening trend, while the ruble, on the contrary, was showing signs of strengthening. According to the expert, the ruble exchange rate is influenced by a number of factors, including the high key rate of the Central Bank. 360.ru .
In turn, Igor Rastorguev, a leading analyst at AMarkets, told RIAMO that a number of factors, including geopolitics, will influence the dollar-ruble exchange rate in early July.
On July 1, Ruslan Pichugin, an independent expert in the field of private investment, admitted in a conversation with Izvestia that in July the dollar-ruble exchange rate would remain in the range of 78-80 rubles per dollar with moderate volatility.
Earlier, the head of Sberbank, German Gref, said that he considers the exchange rate to be at an equilibrium level of more than 100 rubles per dollar, NSN reports.
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