Experts warn of a “trap” for the dollar until the end of May

Experts warned of a

The exchange rate of the dollar depends on the behavior of the euro, according to analysts.

Evgeny Mironyuk, a stock market expert at BCS World of Investments, in an interview with the media, spoke about the “pitfalls” that the dollar will face before the end of May.

Recall that recently the dollar has already reached record highs over the past twenty years, updating the tops against other currencies. While some experts believe that the peak of inflation has already passed, others are convinced that everything is not over yet.

Thus, in April, the inflation rate 39;inflation was 0.3%, and in March 1.2%, but prices continue to rise.

Mironyuk told “Prime” that according to the statement of Fed chief (analogous to the Central Bank of the United States) Jerome Powell, rates will increase by 0.5% for each of the federal funds, which results in a decrease in the rate differential with developing country economies and an increase against developed economies.

The Fed chief said he would not hesitate to support an increase in rate above the “neutral” level.

The United States also points to the increased appeal of the dollar for so-called carry rates, when an investor borrows in one currency at a lower rate and invests in another at a higher rate.

An American expert is convinced that the fall of the euro is responsible for the weakness of the dollar.

As Mironyuk specifies, on May 12, the euro hit 1.05 to the dollar, after which there was a “one-digit breakdown”; – the odds were 1.0357, which means a fall of the euro by 0.3%.

It is very likely that the euro will continue to fall in the short term.

According to Mironyuk, before the end of the month, a strong downward movement in the EUR/USD pair and the growth of the The dollar index is weak. Weak U.S. retail and durable goods sales, as well as first-quarter GDP numbers, could work in favor of the dollar.

Analyst believes targets are ” bullish”( securities traders who earn on the growth of assets in price) will be 1.057 and 1.062 euros per 1 dollar.

If the fall of the euro continues, then the rate exchange rate of the dollar against the euro will be around 1.034-1.055 euros for one US currency unit. As for the currency index, the dollar will not exceed the range of 103.4 to 105 points.

Earlier, Topnews wrote that the expert called the value real dollar.

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Google's Russian “daughter” has filed for bankruptcy

Russian “daughter” of Google initiated bankruptcy proceedings

Due to the seizure of a bank account, the Russian office ceases to operate.

The media learned about the beginning of the bankruptcy proceedings of the Russian subsidiary of Google. This is due to the arrest of a bank account.

According to RBC, Google suspended the vast majority of business operations in Russia some time ago. Due to the seizure of the bank account, it is impossible to pay salaries of employees, pay for supplies, the work of subcontractors.

Google explained that other financial obligations are also impossible.

After this message, Google representatives said that their services continue to work in Russia. Free search engine, video hosting YouTube, Gmail, Maps, Android and Play.

“We know that people in Russia rely on our services to access quality information, and we will continue to provide free services”, – made a statement to Google.

The company's press service also assured that the bankruptcy of the Russian subsidiary and the closure of the office in Russia will not affect the work from Google in the country of the future.

By the way, in Russia they assured that they will not close Youtube.

“We do not plan not close Youtube. When we restrict something, we must be clear that our users are not affected”, – said Maksut Shadayev, head of the Ministry of Digital Development.

As Topnews wrote earlier, Russian developers have created a domestic analogue of Google Play: the Google Play Store. 39;NashStore applications.

The store presents Russian applications, including banking, which have fallen under sanctions.


The UN has called for a way to ensure the passage of ships carrying grain from Ukraine

The UN has named a way to ensure the passage of ships carrying grain from Ukraine

UN Secretary General Guterres commented this information.

UN Secretary General António Guterres has made a proposal to mitigate the export of potash fertilizers from Russia and Belarus, demanding in exchange the passage of ships carrying grain from ports Ukrainians.

Turkey and a number of other countries are also involved in the negotiation process, since Ankara can directly participate in the clearance of ports, as well as the provision of traffic shipping.

According to Wall Street Journal sources, the purpose of the agreement is to alleviate the food crisis, in which the Western anti-Russian sanctions were imposed specifically on the export of fertilizers. potassium from the Russian Federation and Belarus.

And in the context of the special military operation of Russia in Ukraine, the latter had difficulties with the delivery of national cereals on world markets.

Guterres himself, commenting on the WSJ information, he only noted that at the moment, indeed, discussions are taking place on this subject with the participation of Ankara and Vienna.

However, he does not disclose any details he did not, because otherwise the agreement could be jeopardized and not happen at all .

Earlier, Topnews wrote that the UN Security Council, for the first time since the beginning of the Russian Federation operation, has a unanimously adopted a statement on Ukraine.

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McDonald's is still leaving Russia, the media found out what will happen to the brand

McDonald's leaves Russia, the media has found out what will become of the brand

They are looking for a buyer for the company of a fast food chain.

The world's largest fast food chain, McDonald's, is leaving Russia. Previously, the owners had suspended their activities in Russia due to the Ukrainian special operation. A month and a half later, the McDonald's office decided to sell the entire Russian business.

The McDonald's report says the issue of selling the business to Russia has been difficult to resolve. But the humanitarian crisis caused by the Russian special operation in Ukraine and the “unpredictability of the operating environment” led the company to consider that owning a business in Russia is not “not feasible”.

McDonald's also said in a statement that business in Russia no longer aligns with their values. Management also announced the sale of the business, and only to a Russian buyer.

McDonald's reports that the new buyer's restaurants will not be able to use their menu and branding, but the company plans to keep its brands in Russia.

McDonald's calculated that due to the exit from the Russian market, they would have to write off $1.2-1.4 billion .

A TASS company source said that in mid-June McDonald's will reopen in Russia under a new brand. The restaurant chain, menus and jobs will remain.

Recall that McDonald's in Russia employs nearly 62,000 people. Another 100,000 people work in supplier companies.

Insiders say more than 90% of McDonald's suppliers are Russian. They plan to continue working with them.

“In fact, only the name will leave”, – say knowledgeable sources.

Recall that McDonald's has been operating in Russia for more than 30 years. The first cafe opened on January 31, 1990 in Moscow.

McDonald's accounted for about 25% of the restaurant industry's tax revenue.

As Topnews reports; wrote earlier, in March this year, media sources became aware of the withdrawal of Google employees from Russia. This was done on the eve of the blocking of Youtube in the Russian Federation.

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Experts called the ruble exchange rate, which will “tear” the budget of the Russian Federation

Experts appointed course ruble, which will

According to experts, the strengthening of the ruble could harm the Russian economy.

Analyst of the financial group Finam Andrey Maslov, in an interview with the media, pointed out the danger of too high an exchange rate of the ruble against the dollar.

According to the agency “ First” quoting him, now the ruble exchange rate is approaching 65 units per dollar, which means that in the current export-oriented economy, there may be problems with maintaining the trade balance. The latter assumes a weak ruble.

According to Maslov, despite the fact that the Central Bank lowered the rate to 14%, the ruble continues to strengthen. The reason for this is the fall in imports, which has distorted the trade balance.

Exports, even in a reduced version, outweigh imports, and “seriously support” Russian national currency.

In addition, the ruble is no longer one of the “freely convertible” currency: transactions with it are prohibited for foreign investors, they are not allowed to trade.

At the same time, the Central Bank has taken strict measures to control the outflow of currency from Russia.

< p>Maslov explained that achieving the 60 ruble units per dollar is unlikely, as the Russian budget will suffer.

“The Russian budget will 'burst' and go into deficit”, he believes .

According to Maslov, the optimal rate is about 80 rubles per dollar. He pointed out that analysts of the Bank of Russia also draw such conclusions, because recently the regulator tried to prevent further strengthening of the ruble.

For example, the key rate is reduced and a number of the restrictions are lifted.

Earlier, Topnews wrote that the expert named the real price of the dollar.


“They are organizing the requisition of food and starvation”: Lavrov explained the blocking of ships carrying wheat in the ports of Ukraine

“Supporting appropriation and starvation: Lavrov explained the blocking of ships carrying wheat in Ukrainian ports

Biden announced the search for an opportunity to deliver 20 million tonnes of grain.

Russian Foreign Minister Sergey Lavrov, during a briefing in the capital of Oman, said that the Ukrainian authorities were blocking dozens of ships in their ports, including heavy cargoes of wheat.

According to the diplomat, kyiv is thwarting all Russian attempts to withdraw ships along the humanitarian corridors. At the same time, wheat must be delivered to various countries of the world, according to “Izvestia”.

Lavrov explained that the exit routes of ships from the ports are mined, so they cannot leave without kyiv's consent. And the proposals to create corridors for the withdrawal of these ships with the necessary goods “are ignored by Russia.

“The Ukrainian side does not cooperate, and its Western masters do not react in any way to this…explained the head of the Ministry of Foreign Affairs.

Earlier, US President Joe Biden said the country was trying to export 20 million tons of grain from Ukraine.

The politician recalled the spike in food prices, which have reached record values.

Biden thinks the reasons are that Russia and Ukraine – the world's largest grain and corn suppliers.

“We are exploring ways to bring this grain back to the world market,” Biden told CNBC.

According to Politico, U.S. lawmakers have urged the Biden administration to create a black sea gum that could The stranded ships would come out.

Media says local farmers simply won't get zero where to store the new crop. And the maritime corridor remains the only option to overcome the crisis.

Lawmakers are convinced of the need to provide enough food in the face of “exorbitant global costs of food and delivery”. And Washington has a “narrow action window”; in the context of the deteriorating situation in Ukraine.

In turn, State Duma Chairman Vyacheslav Volodin said that it was the United States that was prolonging hostilities in Ukraine and “satisfied” in the country “requisition surplus and starvation.

Earlier, Topnews wrote that in early April, Deputy Head of the Security Council Dmitry Medvedev urged compatriots not to buy products from “hostile countries” .


Media: 20 companies in Europe have opened accounts with Gazprombank to pay for gas

Media: 20 companies in Europe opened accounts with Gazprombank to pay for gas

In this context, it became known that several Gazprom subsidiaries in Germany had stopped receiving gas from Russia.

According to US media, 20 accounts of European companies have already been opened with Gazprombank.

With their help, Russian gas consumers intend to pay for blue fuel in rubles.

According to Bloomberg citing knowledgeable sources, the same number of European companies that previously had opened accounts with Gazprombank joined the 10 European companies that had previously opened accounts with Gazprombank.

In addition, 14 other companies requested the necessary data in order to open accounts with Gazprombank. Gazprombank in the future.

It is reported that these companies will pay for Russian gas in foreign currency.

The names of 20 companies that have opened accounts with Gazprombank are not specified.

In this context, it is reported that the former daughter of several “Gazprom” Gazprom Germania GmbH does not receive gas after the imposition of sanctions against Western companies in Russia.

According to German Vice Chancellor and Minister for Economic Affairs and Climate Protection Robert Habek , the market is able to compensate for the shortage of gas from Russia, and Germany has found an alternative supplier. At the same time, he did not specify the details, writes TASS.

Earlier, TopNews wrote that Gazprombank does not accept gas payments in rubles for the Austria and Germany. According to the media, ruble payments from Gazprom Germania have been rejected.

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The euro fell against the ruble to levels two years ago

The euro exchange rate collapsed against the ruble to two-year lows

The exchange rate of the European currency fell for the first time to the February 2020 levels, the dollar and bitcoin are down.

According to the Moscow Stock Exchange, at 11 a.m. the euro exchange rate, after a slight rise at the opening of the markets, fell to 69 rubles.

This is is being produced for the first time since February 2020, analysts say. At the opening of the markets, the dollar was valued at 66.93 rubles, the euro – to 71.

According to Forbes, the dollar also shows a decline, which again fell below 66 rubles.

The European currency at a low of 11:30 a.m. (Moscow time) was equal to 68.25 rubles, which was 3.19% lower than according to data from the Moscow bridge the previous day at the time of the closure.

The euro exchange rate is at its lowest since mid-January 2020, falling to below 69 rubles is recorded for the first time since February of the same year.

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The dollar at the same time amounted to 65.36 rubles. Recall that on May 5, its price fell to 65.31.

Expert opinions on the further growth of the currency differ.

Thus, according to Andrey Kochetkov, a leading analyst at Otkritie Broker, he said in May, the strengthening of the ruble was influenced by high Russian export earnings, and foreign currency outflows also declined.

According to its forecast, this month the dollar will not rise above 73–74 rubles, but also will not fall below 68–69.

The euro will hold the bar at 72–78 rubles.

As financial analyst Vladislav Antonov explained to the publication, among other factors, the ruble continues to grow thanks to the efforts of the Central Bank of the Russian Federation.

However, already in the middle of the month the dollar will recover to 80, the euro could – up to 85.

The day before, a drop in the cryptocurrency was recorded. The price of bitcoin has hit an all-time high since June last year. For cryptocurrency, they gave $29,000.

Earlier Topnews wrote that the expert called the real value of the dollar.


The expert called the real value of the dollar

Expert named the real value of the dollar< /p> Another specialist explained how much the US currency can cost without support measures in Russia.

Financial expert Yan Marchinsky explained how the ruble exchange rate is formed and what it depends on.

According to him, there are actually “several dollar exchange rates” .

At the same time, the exchange rate depends on the corridor set by officials of the Central Bank of the Russian Federation.

He told about this on the radio “Komsomolskaya Pravda”.

'The fact that they get some sort of coordination is another matter. But my personal opinion is that this is a completely and completely fixed rate, and it still has nothing to do with the real exchange rate, which would be in the free market and in the open auctions & # 8221 ;, & # 8211; said the specialist.

He noted that if the restrictions of the Russian financial regulator are lifted, a sharp decline will begin and the dollar may rise above 100 rubles.

Then , the analyst expects the situation to normalize, as the EU will continue to buy gas in rubles.

Thus, the expert calls the level of 90-100 rubles the real ruble exchange rate at the moment .

In this context, currency strategist Brendan McKenna said that without support measures from the outside, the real dollar exchange rate is 180 rubles.

In an interview with Bloomberg reporters, he said that last April the ruble fell. was appreciated by 71% compared to March, when the dollar rose to 121 rubles.

As a result, thanks to emergency capital controls and other actions by the Russian authorities, the ruble has strengthened.

At the same time, McKenna notes that the current dollar exchange rate does not show the real purchasing power of the ruble.

Earlier, TopNews wrote that an expert says how much the dollar will cost after the May holidays.

It was also reported that exchangers were buying US dollars from Russians at a predatory course.< /p> Join our group at VK to b keep up to date with events in Russia and around the world