If the US Federal Reserve System cuts the interest rate on December 18, the exchange rate of the American currency against the Russian ruble will decrease.
This forecast was made by financial expert Mikhail Zeltser.
His statement is quoted by Bankiros.ru .
What will happen to the dollar after December 18
As Zeltser explained, the Russian currency has compensated for the losses incurred last month and is currently at levels corresponding to the third ten-day period of October.
According to him, the following factors contributed to the strengthening of the ruble: normalization of liquidity in the market, changes in the mechanisms for settlements for exports, and the decision of the Central Bank of the Russian Federation to suspend the purchase of currency within the framework of the budget rule.
The expert noted that peak prices are often formed against the backdrop of panic on the market. Such a situation could be observed two weeks ago, when the American currency rose above 114 rubles.
According to Zeltser, the ruble will continue to strengthen if the US Federal Reserve lowers the interest rate on December 18.
The expected decision by the US Federal Reserve to cut the rate on December 18 could put pressure on the American currency, lowering its rate, writes Bankiros.ru .
The recovery of the ruble, in turn, could have a positive effect on inflation expectations and reduce the likelihood of a sharp increase in the key rate by the Central Bank of Russia on December 20, the expert added.
