Sberbank - Russia FX/Rates Snapshot - July 2, 2021. Strong Dollar and Geopolitics Weigh on Ruble

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Sberbank

Alisa Zakirova ...

Igor Rapokhin
Yuri Popov

Russia FX/Rates Snapshot - July 2, 2021. Strong Dollar and Geopolitics Weigh on Ruble

This morning, the ruble tried to recover to 73.3, but it is still facing headwinds from the globally strong dollar ahead of the US June jobs report. We see a recovery in the ruble today as unlikely and think it will remain in a range of 73.3 73.5 to the greenback. Taking into account the rising geopolitical risks, as well as investors' usual caution ahead of the weekend - which will be long in the US due to a holiday on Monday - demand for hard currency could be high today.

02/07/2021 4 EN

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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.

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Analysts

Alisa Zakirova

Igor Rapokhin

Yuri Popov

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Russia FX/Rates Snapshot - July 2, 2021. Strong Dollar and Geopolitics Weigh on Ruble

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Debt Markets Today - March 24, 2022. Ruble Settlement for Gas, Russian Weekly Inflation, Severstal Unable to Pay Coupon on Eurobond

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