Russia FX/Rates Snapshot - August 12, 2019
The ruble is also under pressure this morning. It broke above the 65.4 level to the dollar, although it is still outperforming peers, as it seems exporters are eager to sell more FX at this level, while the Fitch decision is still positive for sentiment toward Russian financial markets. We expect the ruble to trade sideways today in a rather wide range of 65.0-65.6, as intraday volatility remains high. But we expect global markets to further stabilize, as this week is rather light on important events and data (today's Russian GDP data will be of interest).
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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