Source Pravda.Ru

Situation On Russian Currency Market To Remain Quiet In Near Future

The situation on the Russian currency market will most likely remain quiet in the near future, banking specialists reported in an interview with RBC. They forecasted that the exchange rate would fluctuate within the range of 30.5 and 30.6 rubles per dollar and then market participants would make attempts to raise the dollar rate to about 30.7 or 30.9 rubles. Experts believe the level of 30.55-30.6 rubles per dollar will not be surpassed in January. They also noted that traders were trying to start a correction on the market in order to form long positions again later. In addition, specialists mentioned that a surplus of ruble assets is observed on currency exchanges and these assets are not transferred to other sectors of the financial market. Nevertheless, specialist noted that a possible correction would not be deep as it would be too risky for market participants.

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