交易新闻
24 Apr 2015
Russian ruble remains strong, outlook neutral – BBH
FXStreet (Edinburgh) - According to the research team at BBH, the prospects for the Russian currency remain tilted to the neutral side.
Key Quotes
“Russia continues to fight against further ruble appreciation”.
“Aside from talking down the currency, the central bank decided to hike rates for USD funding. This makes it more expensive to go short USD/RUB”.
“Although the measure had some impact after the announcement, the reaction was short lived”.
“We recognize the reasons for the rally (geopolitics, short covering, cheap valuations, oil rebound), but we prefer to stay on the sidelines on this one”.
“S&P affirmed its negative outlook on the country last Friday. Meanwhile, Fitch was said to have delayed its rating decision amidst expectations of a downgrade”.
Key Quotes
“Russia continues to fight against further ruble appreciation”.
“Aside from talking down the currency, the central bank decided to hike rates for USD funding. This makes it more expensive to go short USD/RUB”.
“Although the measure had some impact after the announcement, the reaction was short lived”.
“We recognize the reasons for the rally (geopolitics, short covering, cheap valuations, oil rebound), but we prefer to stay on the sidelines on this one”.
“S&P affirmed its negative outlook on the country last Friday. Meanwhile, Fitch was said to have delayed its rating decision amidst expectations of a downgrade”.