Russia FX/Rates Snapshot - September 24, 2020
Today, the dollar is still firming globally, while precious metals and stock indexes remain under pressure. We think the dollar could reach 1.16 against the euro and 77.6 against the ruble today (the latter would represent the highest level since end-April). The main event for markets today is US weekly initial jobless claims and new home sales in August. Following yesterday's preliminary September PMI readings, the risk for the US data today is seen to the upside - another batch of strong data would buoy risk assets, whose fall yesterday seems overdone and unlikely to repeat to the same extent again today.
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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