Russia FX/Rates Snapshot - December 3, 2021. Strong Jobs Report Likely to Boost Dollar
The ruble has edged slightly lower to 73.7 this morning as the dollar is strengthening globally. We would expect the dollar to extend its gains today. The focus will be the US jobs report for November. The NFP addition number is likely to be high, strengthening expectations for tighter Fed policy. Against this backdrop, we think the ruble could slip to 74 and the euro to 1.125 against the greenback.
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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