Russia FX/Rates Snapshot - April 22, 2019
This morning, the ruble is up by 0.4% as the oil price has surged 3% on a report that the US might cancel waivers for its sanctions on imports of Iranian oil. EM currencies, especially those of countries that import oil, are slightly weaker. Still, trading activity is subdued, given that European markets are still closed. Thus, we expect the ruble to trade sideways near the 63.8 mark throughout the day. Some volatility could emerge after the US open at 16:30 Moscow time, especially if the report about the Iran waivers turns out to be true.
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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