According to the specialist, the exchange rate is associated with oil quotes, and now oil inventories are at their lowest level since the beginning of the year.
“Economies are recovering - this means more oil consumption, and this is not just gasoline, as oil is used for heating, for power generation, for cooling air conditioners.
In summer, oil is needed no less than in winter.
As economies recover, oil consumption will grow, ”he said.
According to him, in the coming months the rate of growth in oil demand will outstrip the rate of growth in production.
“This means that oil will rise in price, which is a positive factor for us.
The ruble is strengthening against the background of the fact that in March we had a budget surplus ... And this is a very important signal ... If we have a surplus - this time, secondly, we have the National Welfare Fund, and thirdly , The Central Bank conducts a cautious policy with interest rates, and makes sure that the ruble does not fall in price, ”explained Ginko.
The economist stressed that the ruble in the coming months is more likely to strengthen against the dollar than to fall in price.
“Next, you will need to look at how the world economy will respond and how the situation in the world with the coronavirus pandemic will develop,” he concluded.
Earlier it was reported that the dollar during foreign exchange trading on the Moscow Exchange fell below 75 rubles for the first time since March 23.