Russia FX/Rates Snapshot - May 31, 2019
Risk sentiment significantly soured overnight after US President Trump decided to impose 5% tariffs on all Mexican imports starting from June 10 and gradually raise them to 25% by October unless it stems illegal immigration into the US. Unsurprisingly, EM currencies have dropped in response, led by the Mexican peso (-3%). The ruble has remained relatively resilient ( 0.3%), while FX turnover has increased as exporters appear to be selling more FX. We expect EM markets to trade sideways, but they could come under pressure once the US market opens, especially if more negative headlines follow.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.