Russia FX/Rates Snapshot - September 27, 2019
As for the ruble, despite monthly tax payments having passed, it remained within a 64.1-64.4 range against the dollar yesterday, with trading activity down as exporters wound down FX sales. The local currency closed virtually unchanged at 64.20. This morning, it is quoted slightly weaker at 64.40 amid slower than expected inflation reported in Japan and the pound weakening 0.3%, itself pressured by a BOE speaker saying interest rates might need to be cut even if a Brexit deal is reached. The absence of FX selling by Russian exporters could pressure the ruble today as well.
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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