Russia FX/Rates Snapshot - January 25, 2021
The ruble took a tumble in the early morning today, reaching 75.65 OTC, but has pared the losses already and even gained ground, which we think indicates that, despite the political risks, the situation is stabilizing. Moreover, the dollar is retreating globally this morning, correcting after Friday's gains. Overall, this week looks to be shaping up rather well for the ruble, with the main event being the Fed decision on Wednesday, at which the FOMC is expected to affirm its commitment to maintaining the current super-soft monetary policy for the foreseeable future, thus supporting markets.
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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