Russia FX/Rates Snapshot - April 9, 2019
This morning, EM currencies are appreciating, led by the Turkish lira. The ruble is up slightly, hovering near 64.8. Meanwhile, FX turnover has surged, probably indicating strong demand for hard currency. We believe it is therefore likely that the ruble will trade sideways in the middle of the day. However, in the evening it may start to strengthen again, as demand for FX will be likely exhausted, while the oil price may advance on the EIA's monthly report.
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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