Russia FX/Rates Snapshot - September 11, 2018
This morning, the ruble has gained 0.9%, almost erasing yesterday's losses, as EM currencies and oil are strengthening while the dollar is weakening globally. It appears that the ruble is starting to stabilize and that the recent weakness may have been overdone. However, risks remain of a further escalation in the trade war, a deterioration in Syria or new sanctions, so we see little potential for the ruble to firm ahead of the CBR's decision on Friday, where it will likely be hawkish, which could support the ruble.
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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