Russia FX/Rates Snapshot - April 26, 2021
Over the weekend, reports emerged that a Putin-Biden meeting could take place on June 15-16. Against this backdrop, the ruble has opened slightly stronger this morning. If the meeting is confirmed, the geopolitical backdrop would continue to improve and the ruble would look set to consolidate around 74.5. It should be supported by high FX sales by Russian exporters in order to pay local taxes.
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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