Russia FX/Rates Snapshot - September 17, 2020
The Fed did not do enough to cheer up markets yesterday. After an initial positive reaction, risk assets fell and the dollar advanced globally, probably because some investors were closing short dollar positions. As a result, the ruble has been in retreat today. USD/RUB has already moved above 75 and may climb to 75.5 over the course of the day. However, we do not expect the correction to last long, as the world economy continues to recover and major central banks remain very accommodative.
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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