Russia FX/Rates Snapshot - July 23, 2020
The ruble spent most of yesterday in a range of 70.60-71.00 to the dollar. Nonresidents were buying dollars early in the day amid souring risk sentiment, though this did not turn into a selloff. The ruble again faced nonresident demand for FX in the evening, possibly due to ruble dividends being converted into dollars by some foreign equity holders. The ruble ended the day at 71.10. It has opened higher today, trading at 70.95, and looks set to continue advancing today, supported by exporter FX sales.
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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