Russia FX/Rates Snapshot - November 2, 2021. Ruble Still Under Pressure but Might Stabilize
The ruble is slightly weaker this morning but is being supported by oil prices having risen back to $85/bbl. The ruble is trading at its weakest level over the last three weeks. It could therefore see some demand emerge at this level, which would help it stabilize. Trading today could be subdued as investors take a wait-and-see approach ahead of tomorrow's Fed meeting.
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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