Russia FX Beat - April 4, 2018
Today at 12:00 Moscow time, the Finance Ministry will publish the volume of FX interventions for the period from April 6 to May 8. We expect it to increase from the current $169 mln to $207 mln on a daily basis. This increase will not significantly impact the FX market, as interventions are calculated on the basis of a Urals price of $63.7/bbl, while the current price is about $67/bbl. Still, it may make the ruble more vulnerable in periods of stress, because the market is sensitive to the constant daily purchases of more than $200 mln.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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