Russia FX/Rates Snapshot - June 17, 2019
The dollar has started to rebound from its dip in early June, which was caused by a drop in US rates on expectations of multiple rate cuts by the Fed this year. While US rates are still subdued, we believe that the dollar's advance on Friday reflects a repricing of the prospects of cuts from the Fed, which we think will signal patience on Wednesday. So, we expect the dollar to advance further this week. It may be able to appreciate tonight, as the euro could come under pressure from ECB President Mario Draghi's speech at 20:00 Moscow time, which could touch on further stimulus for the still weak eurozone economy.
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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