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Business / Finance

BFM.ru: Christmas surprise from the ruble

Banki.ru: monitoring of the banking press 09.01.2019 at 06:40

Banking and financial news on the website Banki.ru

The Russian currency has started the year with growth. Dollar in the last day off fell below 67 rubles. The main reason experts call a correction in oil prices in the early days of 2019.

in addition, the growing demand of investors for risky assets. It is connected with negotiations, the U.S. and China, which can put an end to the trade war between the two countries. This, in turn, has given impetus to oil quotations and reduced demand for the U.S. currency.

Another factor is the continuing shutdown in the US. All this, according to analysts, distracting Washington from adopting a new package of anti-Russian sanctions, and hence, it supports the ruble.

About these and other reasons for the growth of the national currency, says independent analyst Dmitry Stepanov:

— is a Positive fact that nothing bad happened, on the one hand. On the other hand, in General, investors are very positive, always welcome the new year — just, probably, because he basically came, and they the long-awaited start to buy more high-yield instruments: bonds, stocks, commodities. Therefore, the ruble strengthened, but most likely it will not be very long, there's a pretty high probability that in the next few days the trend will develop in the other direction, so what we are seeing, this phenomenon is quite short. The ruble is unlikely to produce a significant strengthening from current levels.

What can you advise people who return from holidays?

— Eurobonds first. They give a good yield amid rising rates, including U.S. dollar, and relatively high reliability, so for large amounts of such interest. For small amounts of money, from my point of view, you just need to see interesting products and buy them because the prices will grow, it is inevitable. Most likely, a new round of inflation will happen in late January — early February.

the reasons for the growth of the ruble and predictions — in the comments of the chief economist of Alfa Bank Natalia Orlova:

Natalia Orlova

the chief economist of Alfa-Bank

"Increased oil prices and the strengthening of the ruble is a reflection of the positive trends on commodity markets early in the year. At the same time in the near future, January 15, the Central Bank returns to the market with a regular purchase for the Treasury, so still, I think this will have on strengthening some deterrent effect. This year, unfortunately, the sanctions agenda remains with us. The nervousness of the market is less than in August — September, but the uncertainty associated with the sanctions, continues to impact the course. So I think, anyway, while waiting for a substantial strengthening of the ruble should not be. On the other hand, I must say that the course is already quite weak, it also greatly limits the potential for further easing".

the Dollar fell below 67 rubles for the first time since December 18. The end of last year was memorable including the fall of the national currency.