Russia FX/Rates Snapshot - May 24, 2019
The dollar is weaker against major currencies this morning, thus continuing the trend that began yesterday evening. If there is no positive news related to the US-China deadlock today, volatility in markets may stay high. We expect the ruble to trade sideways in a 64.40-64.80 range today. Exporters will likely continue selling FX to raise rubles for next week's tax payment, although the volumes will probably decrease 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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