Report
Nikolay Minko ...
  • Yuri Popov

Russia FX/Rates Snapshot - July 2, 2019

Dollar rates rose mildly yesterday, reflecting some ease in Fed cuts expectations. The global manufacturing PMI, meanwhile, moved deeper into contraction territory, falling below the 50 level, reflecting the darkening outlook. Given this, we expect the Fed to stay dovish. New York Fed President John Williams may well hint at a July cut in a speech today. Thus, given how sharp the dollar's move higher against DM peers was yesterday, we think it may retreat today.
Provider
Sberbank
Sberbank

​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.

Analysts
Nikolay Minko

Yuri Popov

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