The dollar woke up

The American currency is again worth more than 28 rubles

Against the backdrop of the awakening of the dollar on the world market, the American currency is winning back its positions in Russia. Yesterday, for the first time in three months, the dollar surpassed the 28 ruble mark. However, experts are in no hurry to bury the euro - the reduction in the US foreign trade deficit, which pushed the dollar up, may turn out to be very short-lived.

More recently, the dollar was quoted in the world at the level of 1.3 dollars per euro, but the past week was very favorable for it. In Russia yesterday, at the MICEX unified trading session, the dollar exchange rate for “tomorrow” settlements rose to 28.03 rubles/dollar. from 27.92 rub. the day before. The official euro exchange rate of the Central Bank decreased by almost 12 kopecks, to 35.29 rubles. per euro. And at auction in New York yesterday, the euro was priced at $1.2581 - the eurozone currency has not been so cheap since October 21, Bloomberg notes.

Economist of the United Financial Group (UFG) Yaroslav Lisovolik explains the growth of the dollar by the US balance of payments data released last week, according to which the foreign trade deficit in March decreased to 55 billion against the expected increase to 62 billion dollars: “There is confirmation that the devaluation of the currency from leads to an improvement in the balance of payments within a certain lag.”

Meanwhile, the Russian Central Bank continues to increase the share of the euro in its operational benchmark - the bi-currency basket. Yesterday, the Central Bank announced that the ratio of the dollar and the euro in it will be 70 and 30%, respectively, and this should increase the fluctuations of the dollar against the ruble and, on the contrary, reduce the fluctuations of the euro. However, this measure will not reduce the traditional link between the Russian market and the world market, and analysts there do not yet have faith in the long-term growth of the dollar. Statistics on the American economy are already reflected in quotes, notes Neil Jones, an expert at the London office of BNP Paribas. And according to Mr. Lisovolik, the next piece of data on the US trade deficit may not be optimistic.

Georgy STOLTS