Russia FX/Rates Snapshot - July 22, 2020
The ruble opened higher yesterday, firming to 71. It swiftly broke through that level and wound up trading in a range of 70.65-70.95 throughout the day. FX selling from exporters turned out minimal, as they appeared to be waiting for more favorable levels to sell FX. In the afternoon, the surging euro and rising oil prices supported the ruble at 70.55-70.70. The 70.70 level looks important, and the ruble is trading around it as we write this morning.
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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