Russia FX/Rates Snapshot - June 4, 2021. Hawkish CBR; Strong US Data to Remain tailwind for Dollar
Today's nonfarm payroll print might be strong, as yesterday's ADP report indicated a solid improvement in the labor market. This could help the dollar firm further, while EM currencies may continue their correction. However, in this case we think the ruble would weaken only slightly.
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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