It is noted that, according to the Moscow Exchange at 10:39, the dollar rate reached 75.16 rubles.
“From the point of view of what we are currently seeing, this is a downward correction.
After a strong strengthening of the ruble, the ruble weakened slightly against the dollar.
Nothing has changed in principle, ”the economist said.
According to him, in general, the ruble is showing a strengthening trend.
“That is, the ruble is now an undervalued currency for a number of parameters.
We can look at both macroeconomic data and the financial condition of Russia.
The ruble is one of the most undervalued currencies, therefore, investors will flow into the ruble, leave other assets as soon as it becomes clear what will happen in August-December with the OPEC + agreement, because this is a very important agreement.
Now a strong fluctuation is observed in the currencies of a number of countries, ”the expert explained.
He noted that fluctuations in the dollar-euro pair are greater than 1% per day.
This, as the specialist noted, is unusually high.
“In the coming months, until the end of the year, I do not see a single serious, fundamental, significant factor for the weakening of the ruble,” concluded Ginko.
Earlier it was reported that the dollar rate exceeded 75 rubles during trading on the Moscow Exchange.