The ruble has promised a bright future

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Photo: Maksim Blinov / RIA Novosti

The ruble in the foreseeable future will remain stable despite the drop in oil prices, it follows from the analytical report of the company “Finam” (“Ribbon.ru”).

“The decline in oil prices surprisingly have little effect on the ruble — usually one would expect that such loud oil clearance like the last, will weaken the ruble against the U.S. dollar, but, on the contrary, the ruble looks quite stable,” the analysts write.

In their opinion, to maintain the stability of the ruble is facilitated by several factors. Among them, the overvaluation of the us assets (which are starting to get investors), the hope of the market to a truce between the US and China in a trade war, a stable exchange rate of the yuan, which will restore the faith in the currencies of developing countries.

However, the authors see the risk of devaluation of the ruble to the end of the year. Ones are connected with the escalation of the conflict between Beijing and Washington, as well as further fall in oil prices.

Analysts predict the strengthening of the ruble to the level of 64 rubles per dollar or a little more in the coming weeks.

Video, photo All from Russia.

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