Russia FX/Rates Snapshot - July 19, 2019
Yesterday morning, the ruble appreciated on FX selling by exporters, but later nonresident ruble selling began to predominate and the gains for the ruble were pared. Further pressure came later due to a sharp drop in the oil price to $61.80/bbl. Williams' speech triggered a sharp fall in the dollar, which helped the ruble to firm to 62.80 by the close, a gain of 0.2% on the day. Trading volumes on the Moscow Exchange totaled just $1.9 bln. This morning, the local currency is flat at around 62.85.
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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