Russia FX/Rates Snapshot - April 21, 2020
The local currency has stabilized this morning even though oil prices have continued to slide. We expect it to continue weakening today, as yesterday's episode of negative oil prices could lead to a strong pickup in demand for hard currency. We think the ruble will break through 76 as it pushes toward 77.
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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