Russia FX/Rates Snapshot - June 19, 2020
With oil still rising this morning, the local currency has firmed to 69.6. We think it will continue trading around this level before the CBR decision this afternoon. We believe a significant cut is already priced in, so we would not expect any major ripples from the decision. This evening, however, we could see volatility pick up and the ruble weaken for a bit due to a quadruple witching in the US market.
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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