Today, May 30, the Ministry of Defense of the Russian Federation announced that the Kiev regime made an attempt to attack Moscow with the help of drones. The foreign exchange market also reacted to this situation. in conversation with FAN analysts FBA “Today’s Economy” He talked about how the drone attack on the Russian capital affected the ruble exchange rate.
As a result of yesterday’s transactions, the Russian currency closed the tender with a decline. The American currency rose from 80 to 80.80 rubles per dollar.
Experts noted that to date, the tax period in Russia and, accordingly, its support has come to an end. In addition, the deterioration of the geopolitical situation also affected the market.
“The situation has deteriorated geopolitically, which has been negative for the ruble. We were informed about the attack of unmanned aerial vehicles on Moscow, the Moscow region. Against this background, the market reacted by lowering the ruble to almost 81.50, the dollar rose, ”said experts.
At the moment, however, experts have reassured that this is a short-term effect and that the situation has now stabilized.
The attention of market participants will focus on the next meeting of the Central Bank of Russia, scheduled for Friday, June 9th.
“As inflation is quite low, below 3%, the rate is expected to remain unchanged at 7.5% for now. Therefore, there is no reason to raise rates. However, the words of the head of the Central Bank will be important. Elvira Nabiullina economists noted how the Bank assesses pro-inflationary risks.
In general, the current range for the ruble remains between 75 and 82 rubles per dollar. Analysts noted that the ruble weakened slightly against the yuan. It rose from 11.3 yuan to 11.4. Here, the range of 11 to 11.5 rubles per yuan remains valid.
Earlier, experts noted the risks of weakening of the local currency against the dollar and the euro, and also explained how sanctions could help the ruble.
I am Annabelle Sampson and I work for The News Dept as an author for their news department. My main focus is on economy news, but I also cover other topics such as business, finance, and current affairs. My writing has been featured in prominent publications such as The Wall Street Journal, Forbes Magazine, and the Financial Times.