Russia FX/Rates Snapshot - October 2, 2019
This morning the greenback is recovering against DM peers, while EM currencies are again retreating. With several Fed officials due to speak today, the market will eye whether the downbeat manufacturing data has shifted their attitude toward a rate cut in October. The market will also be looking out for the ADP employment change for September, which will likely also be weak, given the significant drop in the ISM employment subindex. If the US data is weak and the Fed speakers are dovish, the greenback will lose its steam and EM currencies will find support.
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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