Russia FX/Rates Snapshot - July 7, 2020
We think that if the recent spike in demand for hard currency has played out, the ruble will gradually recover to 70 in the coming days. However, the negative dynamics in risk assets seen today - possibly a correction following yesterday's gains - will be a headwind for the ruble. We think the local currency will likely hold around 72 today.
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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