Russia FX/Rates Snapshot - August 3, 2018
We expect the ruble to trade sideways ahead of the US labor report. If the data is strong, USD/RUB could head toward the 63.8 resistance level. Otherwise, it might fall to 63.2 as markets realize there is little short-term risk of new sanctions given the very busy schedule of the US Congress between now and the November midterm elections.
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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