Russia FX/Rates Snapshot - September 11, 2019
This morning, the global FX market has been calm ahead of tomorrow's ECB decision, and there are few important events and releases on today's agenda. We think that oil could be the key factor for the ruble today. If the EIA stockpile data due at 17:30 Moscow time confirms the sharp declines reported by the API, Brent will likely head toward $64/bbl, while the ruble could settle around USD/RUB 65.2.
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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