Russia FX/Rates Snapshot - February 2, 2021
This morning, sentiment in global markets remains positive. A further positive trigger may be the fact that the US now has more people vaccinated than have tested positive for Covid-19. In light of this, the ruble is trading slightly stronger and could reach 75.5 early in the day. However, political factors will likely remain decisive for the ruble in the coming days, which means investors will probably display caution. We therefore think the local currency will stay at around 76.
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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