“The reason for the sharp rise in the dollar and euro in today's trading is the same: during this week, the government is holding a series of meetings, following which real, concrete steps will be taken to achieve a balanced rate of the domestic currency,” the expert explained.
According to him, on these expectations, foreign currencies are growing against the ruble.
“And it was predicted last week.
The tax period in Russia is over, the government urgently needs to make decisions regarding the fiscal rule and foreign exchange interventions in the domestic market.
Accordingly, it is clear that such measures will lead to an increase in the value of foreign currencies, and what is happening today is only the result of waiting for such initiatives,” Mikhailov said.
According to the specialist, depending on what the Ministry of Finance announces and what statements will be made in the government, we should expect either the dollar to consolidate at a level of about 60 rubles, or increase to the level of 64-65 rubles by the end of this week.
Earlier it was reported that the euro exchange rate during trading on Tuesday, July 5, exceeded 62 rubles.
At the same time, the dollar rose above 61 rubles for the first time since June 8.