UBS Asset Manager predicted the imminent decline of the dollar to 73 rubles

UBS Asset Manager predicted the imminent decline of the dollar to 73 rubles


Moscow. January 22. Management company UBS Asset Manager to include the ruble in the top five favourites emerging markets (emerging markets) and expects that in the next three months, the ruble will strengthen to 73 rubles/$1, and in the next six months to 70 rubles/$1.

UBS Asset Manager working with wealthy clients, not confuse the collapse of the ruble, reports Bloomberg. Chief investment officer of UBS Wealth Management in emerging markets, managing assets of $1 trillion, Jorge Mariscal believes the ruble attractive.

Estimated Mariscala, the weakening of the ruble was likely excessive. In addition, the UBS Wealth Management experts positively assess the prospects of oil in the medium term, said Mariscal.

The biggest Bank of Norway DNB ASA predicts the end of the bearish trend in the oil market and growth in oil prices by half in the second half of 2016, According to estimates by DNB, the prices of Brent oil will rise to $65 per barrel in the second half.

The head of “LUKOIL” Vagit Alekperov earlier said that oil companies expect higher prices in the second half of 2016. “Today in Russia there is a tendency to reduce investment in drilling, it could lead to a decline in production. Major new fields to enter is not planned. The goal is to improve the work with existing deposits,” Alekperov said on the sidelines of the world economic forum in Davos.