Russia FX/Rates Snapshot - January 27, 2022. Ruble to Remain Volatile
The ruble has strengthened a bit this morning, reaching USD/RUB 79.4, even though the dollar has advanced against most global peers. We think sentiment toward the ruble could remain fairly upbeat for the remainder of the first half of the session. The ruble could even be able to return to 79, as we suspect the current levels are attractive for exporters looking to sell hard currency. However, the focus remains on geopolitics. It is possible that Russia will respond to the US counterproposals today, so volatility is likely to remain quite high.
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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