Russia FX/Rates Snapshot - September 10, 2018
USD/RUB has this morning renewed a 2y high, breaking above 70, but it has since retreated. Exporters likely increased FX sales this morning again, given the spot rate's almost R1 premium over the CBR fixing. But we doubt this move will continue given that risks are high: escalation in Syria is possible given that military operations in Idlib continue, and at the weekend, the Russian Defense Ministry accused the US of using phosphorous bombs, which Washington has denied.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.