Russia FX/Rates Snapshot - September 23, 2020
This morning, the dollar remains on the advance. The key event in markets today is preliminary September PMIs in France, Germany, the eurozone and the US. The risk for the US data, given the seemingly subsiding second wave across the US, is to the upside. Against this backdrop, the euro looks set to remain under pressure and could retreat today to 1.165, though we think a move lower is unlikely. The ruble should continue to be supported by Russian exporters, while EM currencies overall should get a boost from what should shape up to be a generally healthy set of PMI data from some of the world's biggest economies.
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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