Dollar exchange rate exceeded 79 rubles

Tuesday, the dollar ended at the level of 78.37 ruble, Euro – ruble rate of 86.5. Stocks of Mosuri and RTS decreased at the opening on Wednesday at 2-3%. The cost of a barrel of oil of mark Brent on Wednesday morning is reduced by about 3% and is hovering around 25.5 dollars, follows from the data exchange ICE.

Photo: iStock whether the ruble to recover losses

the Chinese example of the fight against coronavirus and the growth of business activity in March, says that in may-June we can expect the global economic recovery, and with it the growth of demand for Russian exports, says a leading analyst “Discovery Broker” Andrei Kochetkov. In addition, the liquidity of the U.S. Federal reserve will continue for some time, and therefore in favor of “Russians” again will play the difference in rates, he adds.

the Ruble has a real positive return, but the dollar and the Euro it is strictly negative, so the range of 75-80 rubles per dollar while it looks logical on the background of cheap oil, but a recovery in demand is already visible on the horizon of 1.5-2 months, predicts Kochetkov.