Russia FX/Rates Snapshot - February 25, 2021
This morning, the ruble is stable and the euro is climbing moderately, having reached EUR/USD 1.22. However, the US 10y is back above 1.4%. Oil prices remain high, while Russian exporters will likely continue supporting the ruble with sales of hard currency. Against this backdrop, we think the ruble might be headed to 73, although if Treasury yields keep moving higher, the Russian currency will likely consolidate around the 73.5 mark.
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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