Russia FX/Rates Snapshot - June 29, 2021. Rates Markets Continue to Price in More Hawkish CBR
The ruble seems to have stabilized. To move it out of the current equilibrium strong new drivers will likely be needed. We do not see any emerging today either, so we would expect the ruble to hold at 72.2. June inflation readings from Germany and Spain are due today.
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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