Analysts Expect No Significant Changes In Dollar Rate In Near Future

According to forecasts of analysts, the dollar exchange rate would not change significantly on the Russian currency market in the near future and it will continue fluctuating within the range of 29.49-29.54 rubles. Market participants will watch the actions of the Central Bank and wait. They are concerned about the possibility of the Central Bank's currency interventions and will prefer curtail their open positions in the event such interventions start. On the other hand, another rise in the dollar rate may start if traders do not observe active participation of the Central Bank in today's trading.

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Author`s name Editorial Team