The dollar on the Forex market rose above 88 rubles for the first time in a year and a half.

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The dollar on the Forex market has exceeded the 88 ruble mark for the first time in a year and a half, and dollar futures on the Moscow Exchange are showing growth, reaching 87.42 rubles. The official exchange rate set by the Bank of Russia for September 2nd is 86.7530 rubles. The weakening of the ruble is attributed to several factors: increased demand for foreign currency, the actions of the Ministry of Finance within the budget rule, as well as logistical problems and a decrease in export foreign currency earnings. Furthermore, the external situation related to the escalation of the conflict in the Middle East is influencing the strengthening of the dollar.