Russia FX/Rates Snapshot - December 24, 2020
We think further strengthening of the euro and the pound could be forthcoming if a UK-EU trade agreement is officially announced. However, the boost would likely be short-lived, as after this important event, investors would focus on the discouraging virus data. As for the ruble, we think that it should steadily advance today and could even approach 74 if exporters prove active in selling FX ahead of the more than R300 bln MET payment due tomorrow.
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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