Forecast of changes in Russian and Ukrainian currency markets

摘要

The rouble appreciated slightly again in June owing to negotiations with the US, yet another increase in the Bank of Russia's rate and rising oil prices, though most of the upward potential was spent earlier. The trend was briefly interrupted by processes in the international markets related to US dollar appreciation following the statements of the Federal Reserve, but the effects of this factor on the rouble were short-lived. A continued increase in oil prices beyond current predictions and a reduction of geopolitical risks may slightly push the exchange rate trajectory towards revaluation, but there are no factors for significant changes in the near future.