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Vadzim Iasub: Dollar To Grow Sharply By End Of Year

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Vadzim Iasub: Dollar To Grow Sharply By End Of Year
VADZIM IASUB
PHOTO: ONLINER.BY

The economist has explained why the US currency is strengthening.

Senior analyst at "Alpari" company Vadzim Iasub has told Radio Racyja about the forecasts regarding the dollar and the euro exchange rates in Belarus.

- The euro actually decreases faster than the dollar relating to the Belarusian ruble, because in general the euro has been reducing against the US dollar since early February. At the same time, the euro has amplified since early January - from 1,0340 to 1,0830. There has been no extraordinary decline of the European currency, but the strengthening of the dollar can be attributed to the fact that the likelihood of the interest rate increase carried out by the US Federal Reserve System (FRS) this year grows.

-Some forecast that the dollar might equalize with the euro after all. How real is that?

- In my opinion, if the things which the FRS predicted back in December 2016 (three steps for increasing the rate) come true, there is a great probability that the euro will decline to the equilibrium with the dollar. It could also be that the American currency will surpass the euro.

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