Russia FX/Rates Snapshot - November 12, 2018
The FX offer will likely abate later today, as it did on Friday, and USD/RUB may return closer to 68. We expect calmer trading today because of the US holiday. As for the euro, it is unlikely to fall further as EUR/USD is hovering near strong resistance at 1.125, which, however, may be tested tomorrow. If this level is breached, the euro may fall significantly, particularly given that tomorrow is an EU deadline for Italy to revise its budget.
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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