Russia FX/Rates Snapshot - December 8, 2020
The ruble began to sharply strengthen heading into the open on Wall Street, moving from around 74.3 to 73.3 in the evening. This was a new recent high for the local currency and made it the top performer in the EM space. It appears that foreign investors have been eager to pick up the ruble recently, which suggests that geopolitical concerns have eased somewhat. Meanwhile, we have not been seeing an increase in demand for hard currency, so the ruble has been able to steadily advance.
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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