Russia FX/Rates Snapshot - January 14, 2020
This morning, the ruble is down by 0.3% amid weakening EM FX but without any clear trigger. Investors are probably cautious ahead of the signing of the trade deal, which should happen tomorrow (the Chinese delegation has already arrived in Washington). We think that the news regarding trade will be positive and that some details could emerge this evening when the US market opens. We would expect the ruble to hover near 61.4-61.5 until then, when we think it could advance to 61.1. As for global events, investors will eye the US CPI for December.
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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