Russia FX/Rates Snapshot - May 18, 2020
This morning, the ruble has already strengthened 0.5% and is approaching 73, as oil continues to rally, with prices up by 3% today. The oil market seems to be rebalancing faster than expected thanks to quarantine measures being lifted and demand recovering, while output is still declining. If oil prices continue to rise, the ruble looks set to test major USD/RUB support of 72.7 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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