Sberbank - Russia FX/Rates Snapshot - July 7, 2021. Deterioration of Geopolitical Backdrop To Prevent Ruble From Fully Recovering Yesterdays Losses

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Sberbank

Alisa Zakirova ...

Igor Rapokhin
Yuri Popov

Russia FX/Rates Snapshot - July 7, 2021. Deterioration of Geopolitical Backdrop To Prevent Ruble From Fully Recovering Yesterday's Losses

Today's FOMC minutes could reveal a hawkish turn from the committee, which could lend additional support to the dollar. Also today, Russia's Finance Ministry will increase the volume of FX purchases under the fiscal rule from $145 mln to $185 mln. Given the several factors that may be playing against the ruble today, we expect USD/RUB to close above 74.5 today.

07/07/2021 4 EN

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Sberbank

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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Analysts

Alisa Zakirova

Igor Rapokhin

Yuri Popov

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Russia FX/Rates Snapshot - July 7, 2021. Deterioration of Geopolitical Backdrop To Prevent Ruble From Fully Recovering Yesterday's Losses

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

Commodities Daily - March 24, 2022

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