Russia FX/Rates Snapshot - December 25, 2019
This morning, the ruble is up another 0.5% and FX spot turnover on the Moscow Exchange is solid, as exporters are likely still selling hard currency in decent volumes. Moreover, despite Western financial markets being closed, expectations of a further oil price advance is supporting the ruble, as overnight API data showed a significant draw of US crude stocks. Given that foreign investors are absent today in the ruble market, exporters will dominate once again. So USD/RUB could fall further to the next resistance level of 61.2.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.