Last week, the ruble has stopped falling and even played a little weakening of last week . Played on the side of the general trend of the ruble strengthening currencies of developing countries , which on average rose against the dollar by 1%. Ruble also supported the Ministry of Finance and the decision to postpone the entry into the market for the purchase of currency to replenish sovereign funds , as well as the Olympics . As a result, this week , the ruble appreciated by 1.4% against the dollar by 0.7 % - the euro. Daily volume of interventions CBR fell to the usual 200-400 billion rubles . / Day .
We expect this trend to continue strengthening the ruble in the coming weeks . Ruble will seek its equilibrium value , which we estimate at 33.2 rubles. / Dollar . First, it will "help" increase the demand for rubles due Olympics and a general increase in optimism associated with it , and then - because of the tax period.
OFFICIAL PARTNER OF "ENTROROS"