Russia FX/Rates Snapshot - January 26, 2021
This morning, the ruble is weakening in tandem with other EM currencies. Given the lack of any positive triggers, the potential delay in US stimulus is weighing on markets. Potentially adding to the negative sentiment will be the updated IMF forecast for the global economy, which might be downgraded given the fairly slow rollout of vaccinations and the emergence of new strains of the virus. Given this, we think the ruble might weaken back to 75.8 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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