Russia FX/Rates Snapshot - December 16, 2020
The focus today will be the Fed decision. We think that the Fed will refrain from announcing any new stimulus measures and will merely clarify the outlook for the QE program, which may be left unchanged over the next few years as the economy recovers. The Fed's new economic forecasts may point to a substantial economic recovery in 2021, which would support risk sentiment. Given all of this, we think that the dollar could weaken by 0.5-1.0% against EM currencies today and that the ruble could reach 73.
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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