“This is due to the fact that global investors are awaiting the outcome of the US presidential election.
Uncertainty has increased in financial markets, because the dynamics of the dollar exchange rate will change depending on who wins.
Therefore, investors now prefer to take less risk and they do not invest in the currencies of countries with emerging economies, to which Russia belongs, ”Ginko said.
According to the economist's forecasts, after the results of the elections in the United States are finally known, investor interest in assets in emerging economies will grow again.
“It should be expected that after the elections, the dollar and euro rates will not show the growth that we have seen over the past week.
The upside potential for dollar and euro rates is coming to an end.
The logic of investors is that they cannot move in one direction for a very long time, that is, they can only raise the exchange rate of the dollar and the euro and reduce the value of the ruble.
At some point, they try to fix profits and start buying the ruble, ”the expert said.
Earlier, the dollar rate exceeded 80 rubles.