Russia FX/Rates Snapshot - January 22, 2020
Asian stock benchmarks recovered somewhat this morning, while EM currencies have made gains. It would appear that investors are eager to hold onto their riskier assets until further developments regarding the outbreak are reported. The ruble should find support from both domestic and external factors today. As for the former, last night's announcement of the new cabinet in Russia should help to lift some of the political uncertainty that had been weighing on the ruble. Moreover, the current USD/RUB rate, at just under 62, is likely attractive for exporters looking to buy rubles ahead of the Monday deadline for some R500 bln in MET payments, and probably also for foreigners looking to participate in today's OFZ auction.
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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