Russia FX Beat - May 29, 2018
As US and UK markets were closed yesterday, trading was rather calm, and the ruble hovered in a narrow range. This morning, the ruble lost 0.3% as risk sentiment soured, in line with its EM peers. However, it may find support from exporters, which often keep selling FX after tax payments near the month end to cover their operating costs.
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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