Dollar rate ready to enter new price corridor

The Russian market seems to be ready for advancing to a new, higher, price level, because the current range of dollar fluctuations presents no interest to the Central Bank any more. Traders realize that such factors as large volumes of dollars offered for sale and low ruble balances of correspondent accounts are not enough to cause changes in the exchange rate unless the Central Bank is interested in these changes. However, today the Central Bank was not hampering a rise in the dollar rate above RUR 31.5, which means that it is interested in the dollar entering a higher price range, a specialist from a large Moscow bank reported to RBC.

The currency analyst forecasted the dollar would progress to the range of RUR 31.51-31.59 soon. The future of the exchange rate will still depend on the Central Bank, which is going to continue strict policies of regulating the exchange rate.


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