Russia FX/Rates Snapshot - October 1, 2018
This morning, the Mexican peso and Canadian dollar are up a respective 0.9% and 0.7% against the US dollar on official announcements made late last night that Canada and the US had reached a deal to revamp NAFTA. The ruble, meanwhile, is flat. However, as Brent has risen to a four-year high, breaking above $83/bbl on deficit concerns owing to the Iran sanctions, the ruble will be supported, and may edge higher today. Also, there may be some residual FX selling from exporters to cover their operational costs.
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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