“Until the end of the month, a tax period passes in Russia, when exporting companies sell foreign currency and buy rubles to transfer taxes and excises to the budget.
During such periods, the ruble is usually stable against other currencies, it is supported by a high demand for ruble liquidity,” the expert explained.
But, according to the specialist, since the beginning of the new month, this factor has ceased to work and the ruble has slightly decreased against the dollar and the euro.
“We will certainly see this on Thursday and Friday next week.
In addition, the Ministry of Finance has previously stated that it is ready to start foreign exchange interventions in September, as a result of which the demand for foreign currency within the country will increase, and this can weaken the ruble,” Deev added.
According to his forecast, we can expect that by the end of next week, in early September, the dollar and the euro will rise in price by 1-2 rubles.
“For more dramatic changes in exchange rates, there are no factors so far,” the RT interlocutor concluded.
Earlier, economist Ginko allowed a massive money issue in the US and EU countries by the end of the year.