Russia FX/Rates Snapshot - December 22, 2020
This morning, the ruble is back around 75, while the dollar has resumed strengthening and oil is down again. Given that a significant improvement in the situation with the virus in developed countries is unlikely in the near future, while a tightening of quarantine measures is entirely possible, we expect to see the dollar continue to advance. Given this, we think the ruble will weaken to above 75 to the dollar and could even approach 76, given that the geopolitical tension will likely be increasing for the time being.
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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