In 2021, it is better to invest in euros, as the recovery of the European economy shows positive dynamics. This was stated in an interview with RIA Novosti said expert on the stock market of the company “BCS World of Investments” Mikhail Seltzer.
According to him, the European economy will grow faster than the US economy. “Thus, in the first half of 2021, the euro may strengthen against the dollar to 1.3. This suggests that keeping some funds in foreign currency may be more preferable in euros,” the specialist explained.
In addition, yuan, yen and rupee may be of interest, Zeltser noted. However, he called these currencies exotic for Russians. According to the expert, the ruble is also promising. This year, it may strengthen at around 70 rubles per dollar and 85 per euro. However, this requires certain conditions: the price of a barrel of Brent crude oil is over 50 rubles, as well as a decrease in the pressure of sanctions from the United States and Europe, Zeltser said.
Earlier, Artem Tuzov, Executive Director of the Capital Market Department of the Investment Company “Univer Capital” warned a > Russians from the sale of foreign currency at the present time. He stressed that selling dollars and euros is at their peak.