Russia FX Beat - March 20, 2018
This morning, the ruble has gained 0.3%. It has been supported by oil, which gained 0.8% on expectations that the US and Saudi Arabia may put more pressure on Iran. Exporters will continue to sell FX ahead of tax payments. With oil prices elevated, USD/RUB may stay at 56.7.
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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