Russia FX/Rates Snapshot - June 27, 2018
The oil price gained more than 2% yesterday and continues to advance this morning. This has been prompted by Washington's toughened stance toward Iran and supply disruptions. The ruble and other commodity currencies have almost shrugged off this move. However, should oil break $77/bbl, which cannot be ruled out, we would expect the ruble to finally react and firm below the 63 level. Tomorrow, R100 bln in profit tax is due, so some exporters could sell more hard currency today than yesterday, supporting the ruble.
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.