Russia FX/Rates Snapshot - November 27, 2019
Today will be the last active trading session this week, ahead of Thanksgiving Day in the US tomorrow and a shortened day on Friday. It's likely that after the opening of the US market at 17:30 Moscow time today, EM currencies will finally get a boost given that they underperformed recently (unlike equities) and thus investors could jump into them ahead of the US holiday. As for data, investors will eye US durable goods orders for October, which could be quite weak after the recent GM strike and Boeing reporting a strong drop in October orders. Thus the dollar could take a hit and fall broadly. As for the ruble, it may be additionally supported by the oil price, which our commodity strategists expect to rise on an upbeat EIA report.
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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