Russia FX/Rates Snapshot - August 16, 2019
This morning, risk sentiment is slightly upbeat and EM currencies and oil are strengthening mildly. The ruble has tried to appreciate but has returned to trading around 66, while FX turnover has dropped significantly. This stabilization could prove short lived, as risk assets could come under pressure today given that investors may prove unwilling to hold on to risk assets over the weekend. USD/RUB could head to 66.3-66.6, and we would recommend buying on dips. As for global data, today will see the publication of US housing starts for July, which is likely to be rather upbeat given the ongoing decline in mortgage rates. This would likely cause the greenback to strengthen mildly.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.