Russia FX/Rates Snapshot - October 6, 2021. Rising Raw Material Prices Boosting Ruble but Also Lifting Inflation Expectations
We think the ruble could extend its gains against the dollar for a time to 72.0, though with the greenback rising globally the local currency could run into headwinds periodically. The focus today will be a Russian September inflation reading and the ADP US employment report for September.
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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