Russia FX/Rates Snapshot - September 7, 2018
Today, the ruble has firmed 0.4% on global dollar weakness and likely increased exporter FX sales given the high spot premium over the CBR fixing. Unless the dollar strengthens significantly after the labor report or further negative sanctions or trade wars news emerges, we expect USD/RUB to fall to 68.7 given that yesterday's sharp move was rather an emotional one.
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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