Strengthening of the ruble can be expected in the summer months. About this “Russian newspaper” said the Director of strategy IK “FINAM” Yaroslav Kabakov, he also gave a forecast for the ruble exchange rate and gold prices.
According to him, the ruble will remain in the range of 72 to 74 rubles per dollar and 78.5-81 ruble per Euro. This will be the ceiling until the price of oil will not overcome the level of 35-36 per barrel.
the Analyst pointed out that the efforts of the Central banks, gold prices are holding above 1690 dollars per ounce, motivating investors to save money in the precious metal. In the coming days, prices can jump up to 1720 dollars.
According to Kabakov, the Central Bank statistics shows that the volume of currency sales this week will remain the same.
the Analyst noted that the ruble positive impact of the agreement on the limitation of oil production by OPEC and the expectation of investors of the lifting of the restrictive measures imposed because of the coronavirus.