Russia FX/Rates Snapshot - August 26, 2020
The ruble has edged lower this morning, quoted close to 75.4, as global markets are mixed. We expect geopolitics to continue to drive the ruble for the time being. We note that tax payments for August have passed, so support from exporter FX sales is unlikely to be material. Thus, we think the ruble could slip to local lows today.
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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