Russia FX/Rates Snapshot - March 22, 2022. Ruble Advancing Gradually Despite Global Strengthening of Dollar
Yesterday, the ruble weakened by 2% to 107 offshore (it even reached 112 intraday). This movement owed to the fact that the flow of ruble liquidity offshore is normalizing, which allows short positions in the ruble to be opened. However, on the Moscow Exchange the ruble advanced by nearly 1% to 104. This morning, the ruble remains stable at around 107 offshore. On the Moscow Exchange, meanwhile, it appears that the ruble will likely continue advancing and may reach 103.
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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