Russia FX/Rates Snapshot - June 10, 2021. Ruble at Crossroads Ahead of US Inflation Data
The main event today is the release of the May CPI data from the US. Recent data has shown that the US economy is growing at a fast clip and inflation across the globe is accelerating, so it is quite possible that US CPI will come in above consensus. If this happens, the dollar would likely surge amid fears that the Fed could begin to take a more hawkish stance at its meeting next week, perhaps signaling when it wraps up on Wednesday that it will begin to taper its asset purchases this year. This could cause the ruble to weaken to USD/RUB 73.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.