Russia FX/Rates Snapshot - March 21, 2019
USD/RUB traded within a 64.30-64.40 range for most of the day yesterday, while exporters were fairly inactive. After the Fed decision, it quickly fell 0.9% to 63.75, where it is trading at the moment. Most currencies have appreciated versus the dollar this morning. We expect this trend to continue today. Exporters' still-elevated hard currency sales ahead of tax payments should pull USD/RUB lower even if the dollar consolidates.
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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