“The euro has tightened.
Over the past few days, we have seen an increase in the dollar against the ruble.
The euro stood, in general, in a stationary position.
We know that the euro and dollar rates run parallel to the ruble, so it was logical to expect that the euro will also catch up with the dollar in the near future - at the rate, I mean, ”explained Belyaev.
The expert added that the ruble rate returned to its fundamental values.
He noted that since the ruble was deviating strongly and for quite a long time, the correction happened “like a spring”.
“The ruble has slipped a little over these fundamental values.
This indicates that neither the dollar nor the euro has a tendency to further strengthen against the ruble, at least in a long-term trend.
Maybe we will observe such residual phenomena of the depreciation of the ruble against the dollar for another day, ”he added.
Earlier it was reported that the euro rate exceeded 89 rubles