Russia FX/Rates Snapshot - April 10, 2020
If non-OPEC+ participants promise cuts as well, we think the ruble and oil prices could resume strengthening. Nevertheless, they will remain very volatile. We expect the local currency to trace back to 75 next week, as fundamental factors - including a drop in oil exports - remain unsupportive.
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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