Russia FX/Rates Snapshot - July 26, 2021. Ruble Losing Support as Tax Period Ends
The day looks set to be quiet in terms of major events and releases. The ruble could temporarily strengthen today, but by the end of the day we think it will return to 74 as the tax period is drawing to a close and global investors are wary ahead of the Fed decision on Wednesday.
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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