Russia FX/Rates Snapshot - March 1, 2021
In the evening on Friday, the US 10y yield fell to 1.40%, which took some pressure off global currencies. This morning, the US 10y is quoted at the same level, which has allowed EM currencies to pare some of their losses on Friday. Markets will be focused on Fed speakers, a German inflation reading for February (inflation is expected to be 0.5% for the month) and manufacturing PMIs for major countries in February. We think that if US Treasury yields remain stable, the dollar will likely continue to soften globally. Against this backdrop, we see the ruble strengthening to 74 against the greenback.
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.