Russia FX/Rates Snapshot - November 25, 2021. Trading To Be Calm Due To Thanksgiving
The ruble was volatile yesterday. Early in the day, it firmed to close to USD/RUB 74 amid support from exporters, who were selling FX ahead of a R0.8 trln MET bill today. Later on, however, the local currency weakened to 75 by the close. Trading should be calm today and we think the ruble may be able to recover to 74.3.
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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