Russia FX/Rates Snapshot - March 15, 2022. More Signs of Stabilization in FX Market
This morning the ruble remains at around 120 offshore. We think that the stabilization of the market will likely continue today, while commodities - oil in particular - appear set to keep selling off as investors maintain hopes for progress in the Russia-Ukraine talks. We think the ruble could firm on the local exchange to around 110 and to 115 offshore.
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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