Russia FX/Rates Snapshot - April 8, 2021
Moderately positive sentiment reigns on the markets this morning, and the ruble has strengthened to 76.8 amid a globally depreciating dollar. The focus will be the speech of Fed Chairman Jerome Powell during an IMF panel discussion, which is likely to be rather optimistic about the prospects for the US economic recovery while underscoring that the Fed still intends to maintain an ultra-soft monetary policy. At the same time, the geopolitical situation remains challenging. Thus, we think the ruble is unlikely to strengthen and will likely remain around USD/RUB 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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