Russia FX/Rates Snapshot - December 26, 2019
This morning, the ruble is slightly up on an advancing oil price. Exporters are likely inactive, while we expect a high local bid to continue and push USD/RUB to 62. Trading in the global FX market will remain subdued today. As for global events, investors will eye US initial jobless claims. They have risen this month to two-year highs, which could be a seasonal pattern; however, if today's data show that they stayed elevated, it could be a sign of weakness in the US labor market and could send the dollar lower.
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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