Expert Tuzov said that the ruble could strengthen to 70 per dollar at least by the end of the year
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Artem Tuzov, Executive Director of the Capital Market Department of IC Univer Capital, predicted to the Russians the date for the dollar to fall to 70 rubles. His words are reported by the Prime agency.
Tuzov said that at the moment, the volatility of the ruble exchange rate is primarily influenced by geopolitics. Thus, the news that Russia's “invasion” of Ukraine did not happen strengthened the currency from 77 to 75 rubles per dollar, but then, against the backdrop of geopolitical news, it weakened again.
“If the politicians agree, this will be a serious breakthrough in international relations, which may remove the issue of new sanctions against Russia from the agenda, and possibly even lead to the cancellation of existing ones,” the expert predicted. According to him, such a scenario will attract investors back to the Russian economy, and this will strengthen the currency. However, Tuzov said that the ruble is unlikely to strengthen to 70 per dollar at least until the end of the year.
In January, the chief macroeconomist at Ingosstrakh Investments, Anton Prokudin, predicted a fall in the dollar to 63 rubles by the fall of 2022. According to him, the strengthening of the ruble will be facilitated by the removal of risks posed by international politics.
