Nabiullina unsuccessfully poonpirom ruble

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A statement by the head of the Bank of Russia Elvira Nabiullina supported the Russian ruble, which as of early Tuesday morning showed quite a significant drop. However, after some time, the dollar began to strengthen against the ruble.
At 13.30 the dollar rose by 10.75 kopecks to the ruble of 68.22. The Euro by this time fell by 25.5 kopecks to the ruble 78.89.
As stated Nabiullina, Bank of Russia sees increased volatility in global markets and take into account the risk in the decision on the key rate. She also noted that recently, the Central Bank sees the factors in favor of its increase.
It can be expected that, despite a temporary positive effect from the statement of the head of the Central Bank, the American currency will continue to grow until accurate information is a relatively new economic sanctions of the USA against Russia.
Probably the dollar in the short term will increase to 68.5 rubles and Euro to 79 rubles.
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Ivan Marchena,
Analyst
GK Forex Club