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Ruble predicted the fall – Rambler / Finance

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On the reasons for the possible weakening of the Russian currency against the dollar and the euro told “Rossiyskaya Gazeta” Mikhail Kogan, head of the analytical research department at the Higher School of Financial Management.-

The dollar: named the advantage of the ruble

According to the expert, within this week, the dollar and the euro may exceed record levels on June 11 and 15, when the euro rose to 79.55 rubles and the dollar to 70.50 rubles.

“Payment of income tax, which will mark the end of the tax period, will no longer support the ruble. During the week, close attention will be paid to the quarterly results of Micron, FeDeX, Constellation Brands and General Mills. If they repeat the gloomy character of Nike, which has already reported, then the atmosphere before the bulk of the companies begin to report will become even more pessimistic, ”said Kogan.

The analyst explained that the ruble may be affected by the publication of business activity indexes on Wednesday and Friday, the US employment report for May and the situation on the energy market.

“Despite the OPEC + deal to limit production, global stocks of oil and petroleum products remain at an elevated level, which will limit new growth attempts. In such conditions, if the sentiment in the financial markets does not improve, the Russian ruble will continue to weaken, ”the expert is sure.

According to Rambler, according to the new forecast of the global economy’s development compiled by the International Monetary Fund against the backdrop of the coronavirus pandemic, global GDP by the end of 2020 will collapse by 4.9 percent, a fall in the US of eight percent, in Europe – 10.2 percent.-

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