Russia FX/Rates Snapshot - June 7, 2021. Market Continues to Prepare for 50 bp Key Rate Hike
The dollar is firming somewhat this morning and the ruble has corrected back to 72.9. We think that this tendency will continue and that the dollar will rally further given that Yellen's comments may buoy expectations of a more imminent tightening from the Fed. We see the ruble likely dipping to around USD/RUB 73 and the euro sliding to EUR/USD 1.213 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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