Russia FX/Rates Snapshot - September 28, 2018
Today, the US core PCE price index for August will be released. The consensus is 2% y-o-y growth. A higher reading would put the gauge above the Fed's 2% inflation target for the first time in six years, which could spur more dollar strength. As for the ruble, since the tax period is over, we expect it to lose support. USD/RUB may head to 66 if the dollar keeps strengthening globally, while EUR/USD could rebound to 1.165 if eurozone inflation is upbeat.
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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