Russia FX/Rates Snapshot - November 12, 2021. Strong Dollar, Geopolitical Tensions Weighing on Ruble
The ruble has recovered somewhat this morning, though the dollar has continued to strengthen amid rising US Treasury yields. We think the dollar is likely to continue advancing globally today, especially if New York Fed President John Williams hints that the Fed has become more hawkish in light of the recent inflation data in his speech today. Taking all of that into account, along with the challenging geopolitical backdrop, the ruble is likely to weaken today. We think the ruble could slip to the 72 mark.
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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