last week, the ruble grew due to the increase in oil prices and the General appetite of investors for risky assets, the easing of restrictions due to pandemic, dividend payments to exporters, and low activity, notes the analyst.
At the same time in Russian assets does not present risk of introduction of new sanctions, highlights Shulgin. Last week was a positive mention of the fact that the format of the “Big seven”, according to the President of the United States Donald trump should be expanded by inviting Russia, India, South Korea and Australia. Then it became known that U.S. senators want to expand the sanctions to the “Nord stream-2” on companies that provide “underwriting services, insurance or reinsurance” courts involved in the construction of the pipeline, as well as companies that provide “services and facilities to upgrading technology” applied in the courts.
on Friday, the head of the Bundestag Committee on energy said that Germany may impose penalties on us gas, if not stop the pressure on the project “Northern stream-2”, Shulgin lists. “Overall, the event is neutral for the ruble, but the sanctions in the background, so to speak “+1″ in favour of the Russian currency”, – says the analyst.
According to the forecast Shulgin, at the beginning of the week ruble should take a time-out and consolidation framework to test the strength of the region 70-71 per unit of U.S. currency. This week looks realistic dynamics rate in the range of 68 to 71 rubles per dollar, says the head of analytical Department of Bank “St.-Petersburg” Andrey Kadulin.
