Russia FX Beat - April 6, 2018
This morning, a risk-off mood has hit global markets and EM FX is under pressure. The ruble is slightly outperforming, having lost just 0.2%. Ahead of today’s possible sanction announcement and US labor statistics, we expect RUB/USD to trade sideways, though it will trend lower. That said, exporters may ramp up FX sales, as they have not sold much this week and have accrued some FX, and the current exchange rate is rather attractive.
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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