Russia FX/Rates Snapshot - August 21, 2018
This morning, the ruble gained 0.3% early on, possibly due to broad dollar weakness following Trump's comments. But after reports emerged that the CBR had resumed its FX purchases last Friday, buying R17.5 bln ($260 mln), the ruble dropped around 1%, before later erasing some of these losses. We expect the ruble to trade sideways again later today, as investors will be cautiously watching for news from two hearings in the US Senate on ties with Russia, which are scheduled for 17:00 Moscow time.
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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