Russia FX/Rates Snapshot - October 2, 2020
The US nonfarm payroll report for September could offer support. Optimistic estimates are that payrolls could have risen by as much as 1 mln last month. Yesterday's initial jobless claims showed that both new and ongoing claims are falling, which points to a rather quick recovery in the US labor market. We think that in these conditions the ruble may manage to gain a strong foothold at below 78 to the dollar.
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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