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MOSCOW, April 8Now it is worth selling foreign currency to those who bought it cheaper than 60-70 rubles, if you focus on the dollar, since the April acceleration of its growth against the ruble was replaced by profit-taking, the interviewed experts believe.
In the first half of the trading session on Friday, the dollar, euro and yuan updated the highs since last April at the levels: 83.50 rubles for the American currency, 91.32 rubles for the European currency and 12.14 rubles for the Chinese. At the same time, on Friday they jumped by a maximum of 2.3-3.5%. However, during the day they lost all the growth and the rates fell below the Thursday close: to 80.74 rubles for the American currency, 88.25 rubles for the European and 11.73 rubles for the Chinese.
The ruble's upturn on Friday coincided with the release of preliminary data from the Finance Ministry on the budget for the first quarter, according to which in March «the budget surplus amounted to 180 billion rubles,» said Alexei Mikheev, an investment strategist at VTB My Investments. It is connected not directly with the news on the budget, but with the appearance on the market of a player capable of reversing the trend, he adds.
«Given the statement on Thursday by Finance Minister Anton Siluanov that the ruble will soon strengthen. In such conditions, we would not bet on further weakening of the ruble. Apparently, we need to look for a moment to fix profits from the previous purchase of dollars,» Mikheev says.< br />«Selling dollars now looks like the most justified strategy for those who bought the dollar at 60-70 rubles. We believe the potential for further large-scale weakening of the ruble above current levels is unlikely,» says Sergey Konygin, senior economist at Sinara investment bank.