Russia FX/Rates Snapshot - July 6, 2018
Yesterday, the ruble traded sideways in a narrow range. At 63.30, a good FX offer was observed, while below 63 there were good bids for FX. This may continue at least until the US labor statistics are released at 15:30 Moscow time, which will be closely watched by investors. As for EUR/USD, it is somewhat surprisingly climbing this morning, reaching as high as 1.1727. Its resistance is in the 1.1745/50 area.
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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