According to him, the first reason is related to the end of the tax period in Russia, when exporting companies sell foreign currency and transfer taxes and excises to the budget.
“Second, the market is laying down negative expectations in connection with the introduction by Europe of an embargo on Russian oil products from February 5, 2023,” Sidorov explained.
In addition, the interlocutor of RT recalled that this week there will be meetings of the Fed and the ECB on rates.
He noted that there will be expected decisions to increase the indicator, which can also lead to volatility in the market.
“We can expect that during this week the US dollar will trade in the range of 69-72 rubles per unit, the euro - at the level of 75-77 rubles,” the investor concluded.
Earlier it became known that the euro exchange rate during the auction on January 30 exceeded 76 rubles for the first time since January 9.