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Investor Sidorov predicts dollar exchange rate at 80-81.5 rubles

Photo by Shubham Dhage on Unsplash

“Despite the fact that the pressure factor for the ruble is oil prices, the national currency will be supported by the tax period,” he explained.

Sidorov notes that during the next week the dollar will be within the range of 80-81.5 rubles, while the euro will be between 88-89.5 rubles.

“But after the end of the tax period, with the beginning of the new month, we should expect a correction for the ruble, as statistical data on oil export volumes and the level of the budget deficit will come to the fore – this will put pressure on the ruble, which will move to a weakening in early May,” the investor noted.

Earlier Russian Deputy Foreign Minister Alexander Pankin emphasized that at the moment the dollar is becoming toxic for everyday transactions.

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