Russia FX/Rates Snapshot - October 12, 2021. Dollar Could Pull Back on Potentially Dovish Fed Speakers
The dollar is stabilizing this morning. We think it could weaken today if today's Fed speakers, especially the Vice Chairman Richard Clarida, prove dovish following the weaker than expected US September jobs report. Clarida could touch on the QE tapering time frame and say that the Fed might only slightly cut asset purchases in November. Against this backdrop, we think the ruble should be able to appreciate back to 71.55.
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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