Russia FX/Rates Snapshot - October 29, 2019
Thanks to an increase in risk appetite, the ruble, following other EM currencies, was strengthening throughout most of yesterday's trading. It had been trading in a range of 63.60-64.00 but briefly managed to break below to 63.55 before returning to the range. It ended the day at USD/RUB 63.75. Volumes on the Moscow Exchange were $2.6 bln. We believe that the ruble will continue to trade within the 63.60-64.00 range today.
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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