Russia FX/Rates Snapshot - September 13, 2019
This morning, the euro is up 0.3% against the dollar, while the ruble has gained 0.7%. The dollar could remain weak for some time today, but US retail sales data for August due at 15:30 Moscow time will be pivotal. Over recent months it has tended to significantly outperform expectations, and we could see the same thing today. US core CPI data released yesterday showed a decent pickup. Should we now see strong retail sales, investors will likely position for a less dovish response from the Fed next week, and the dollar will rise.
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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