“It seems that the foreign exchange market is nervous ahead of Friday’s Bank of Russia meeting. This may have been due to the previously published Rosstat inflation data for January, which turned out to be unexpectedly strong. Investors assume that this may have an impact on the regulator’s position,” he noted.
In his opinion, most likely, the current dollar movements are local.
“But we’ll see in more detail after we get the facts from the Central Bank. The US dollar target for the next few days is 91.50-92.35 rubles,” the expert added.
Earlier, Alexander Shneiderman, head of the sales and customer support department at Alfa-Forex, said in a conversation with RT that the ruble is falling today against all world reserve currencies. The reason is that unexpected Rosstat data on inflation were released earlier.