The American and European currencies rose in price again. The dollar is trading at a price above 92 rubles, the euro – above 100 rubles, according to the Moscow Exchange.
The last time the dollar was so expensive on the stock exchange was in March 2022.
The ruble began to weaken sharply last week. The Bank of Russia explained that the current depreciation of the ruble is mainly due to a reduction in the trade balance. According to the first deputy chairman of the regulator, Ksenia Yudaeva, data on the balance of payments were recently published. The Central Bank of the Russian Federation sees a significant reduction in the current balance compared to last year. This, in turn, is associated with a reduction in export earnings due to lower prices for raw materials, the representative of the Central Bank explained. At the same time, Yudaeva added, imports are recovering against the background of economic growth. The deputy chairman of the regulator pointed out that over the past year and a half the structure of the foreign exchange market has changed significantly: the yuan has become the leading market, while the liquidity of the dollar and euro markets has decreased. She also stressed that it is impossible to talk about the presence of transactions in the Russian foreign exchange market, which significantly “shatter” the situation.
Source: Rosbalt
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