Russia FX/Rates Snapshot - August 3, 2021. Ruble Stable, Markets Fear US Slowdown
We think that the ruble will trade around 73 today. We see this level as balanced and think that the Russian currency will hover around this level until new triggers emerge. Meanwhile, today the Finance Ministry will announce which issues will be sold at tomorrow's OFZ auctions.
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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