Russia FX/Rates Snapshot - April 20, 2020
This morning, risk assets have come under pressure. Especially hit have been oil prices, which is due to worries about the oversupply in the market. Futures on WTI have tanked 19% today to below $15/bbl, while Brent has fallen 3%. Against this backdrop, the ruble has given up 1% against the dollar to trade in a range of 74.6-74.7 as we write. If oil prices continue to fall, the local currency looks set to break through the 75 mark today and could continue to weaken the rest of the week.
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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