Russia FX/Rates Snapshot - October 28, 2020
As we write this morning, the negative backdrop remains in place. French President Emmanuel Macron is expected to announce a tightening of quarantine measures today, likely for one month. Thus, we think it will be difficult to the ruble to recover from yesterday's sharp and, what we would consider, overdone losses, with USD/RUB staying around 77.3. On the other hand, the local currency now looks more attractive to buy, as we expect it to strengthen in November after the US elections.
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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