Russia FX/Rates Snapshot - July 16, 2018
This morning, the ruble has firmed 0.5% to 62.3, near where it spent most of Friday, as global risk sentiment appears to be rather good and investors still retain hopes with regard to the Trump-Putin meeting, which starts at 13:20 Moscow time in Helsinki. A joint press conference is scheduled for 16:50. Before that, we expect the ruble to trade sideways. If we see an even slightly positive outcome, USD/RUB could test 62 in the evening.
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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