MOSCOW, Jan 17 The Russian stock market and the ruble are losing ground at the beginning of the year, but the domestic the currency can still strengthen, Vladimir Bragin, director of analysis of financial markets and macroeconomics at Alfa Capital Management Company, told CFA Prime. One can argue that at the moment the share of the dollar in world trade is declining, but this does not affect the exchange rate, but only affects the prevalence of this currency,» the expert noted. According to Bragin, although this is unlikely, the dollar can weaken the acceleration of inflation more than double in the US. In addition, «if investors become interested in the indicator of the balance of payments of the Eurozone and European assets, this will have a detrimental effect on the dollar,» the agency's interlocutor believes. The analyst expects that the ruble will be able to recover to 72 per dollar.
