Russia FX/Rates Snapshot - February 9, 2022. Ruble Continues to Climb amid Hopes for Ease in Geopolitical Tensions
This morning, the ruble continues to advance and has broken through the key level of USD/RUB 75. It appears that markets expect a further de-escalation in the coming days, particularly given that a Normandy meeting is scheduled for Thursday in Berlin. Against this backdrop, we think the ruble will maintain its positive momentum and will firm to 74.5 today.
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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