Russia FX/Rates Snapshot - October 14, 2021. Ruble Recovering After Excessive Losses Yesterday
Yesterday, the ruble weakened by what we would consider an excessive 0.5% to USD/RUB 72.15 before recovering back to 72.00. It remains on the advance this morning, supported by rising oil prices. We think commodity prices look set to keep advancing today, so the ruble should continue to recover and be able to consolidate around 71.70.
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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