Russia FX/Rates Snapshot - February 26, 2019
We expect the ruble to firm to 65.4 to the dollar, since we think its reaction to the drop in oil prices yesterday was a bit too sharp. Moreover, exporters will probably be selling decent volumes of hard currency to finance profit tax payments due Thursday and month-end operational costs.
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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