Russia FX/Rates Snapshot - November 21, 2018
Risk sentiment has improved a bit this morning and the dollar is weaker globally. Meanwhile, exporters seem to be increasing FX selling ahead of the MET payment next Monday, particularly given the decent USD/RUB spot premium over the CBR fixing. The ruble is up 0.4% against the dollar this morning and may extend this move further. The euro is also partially rebounding from yesterday's loss, although it may resume weakening owing to the fact that today the European Commission will likely release a report on Italy's debt and may initiate disciplinary action against Italy for violating EU fiscal rules. Moreover, investors may stay cautious today ahead of Thanksgiving in the US.
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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