Russia FX/Rates Snapshot - April 18, 2019
This morning, the greenback is strengthening across the board. The euro is down as a German manufacturing PMI remained well below 50 (44.5), indicating a continuing contraction in that segment of the economy. In addition, the Turkish lira has weakened by more than 1%, under pressure after it was reported that the CBRT is boosting its FX reserves with billions of dollars in short-term borrowing via FX swaps. That has led to fears about the country's ability to fend off a fresh lira crisis. If the lira continues to tumble today, pressure could be felt across other major EM currencies.
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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