“The exchange rate is now affected by the external negative background, primarily the aggravated threat of sanctions.
In addition, the drop in oil prices also played a role, although not as significant as last year.
But indirectly, the decline in oil prices also affects exchange rates.
First of all, we are talking about geopolitical risks, ”Milchakova explained.
She also noted that in the global market, the dollar index has been strengthening since mid-March and the strengthening of the dollar is causing capital flight from developing countries' currencies to the dollar.
“In principle, one of the negative factors is that the lockdown continues in a number of European countries.
This also raises concerns about whether the global economy will be able to recover ... The slower it recovers, the less it will need hydrocarbons, which is Russia's main export commodity, ”she explained.
Earlier it became known that the dollar during the auction rose above 77 rubles.