Analyst Safina: the reason for the pressure on the euro was the market's expectation of more active steps by the Federal Reserve Safina, in an interview with the Prime agency, named a condition under which it will soon be possible to buy more than one euro for a dollar.
According to the expert, the reason for the pressure on the euro was the market's sharp expectation of more active steps by the US Federal Reserve tightening of monetary policy and, consequently, an increase in the yield on dollar assets. “So far, the American regulator has only reduced the volume of asset repurchases from $ 120 to $ 105 billion in November, and in December plans to reduce the limit by another $ 15 billion,” the analyst said.
The agency's interlocutor noted that the Fed's future policy will lead to a new rise in the dollar index against a basket of world currencies, including the euro. However, this does not mean that the euro will continue to weaken against the dollar, and the trend will continue for another year. Also, do not expect currencies to reach parity, the agency's interlocutor specified.
According to Safina, the euro may become cheaper than the dollar if inflation in Europe accelerates and macroeconomic indicators worsen due to the ECB's super-soft monetary policy and tough rhetoric US Federal Reserve System and key rate hikes. However, the expert does not yet allow such a scenario to develop in the near future.
Earlier, the director of the United Broker company, Artem Arzamastsev, told the Russians when to buy currency. He advised doing this on weekdays and not on weekends and holidays.