How fast can the Fed go?
In the wake of the Federal Reserve’s belated acknowledgement of the breadth and depth of the inflation pressures in the economy, markets are well on…
Russia boosts FX purchases with taxation changes
Foreign exchange purchases will increase from $6.8bn in December to $7.9bn in January, mostly due to higher taxation
Russia to catch up FX purchases, adding headwinds to ruble
Russia will intensify its FX & gold purchases to $7.2b in November, more than expected, to account for the extra $1.5b of oil and gas budget revenues…
Despite the recent spike in oil and gas prices, Russia will limit mandatory FX purchases to US$4.4b, slightly below September's level, and…
The Finance Ministry announced FX purchases of US$4.5bn for September, in line with our expectations. The limited scope for a further increase in…
Russia: Higher FX purchases in August no big deal for the ruble
Russia: Higher FX purchases in July put non-oil balance of payments in focus
Russia to catch up on FX purchases, increasing ruble's sensitivity to…
Per la BCE non è il momento di andare in vacanza
Eurozona, la produzione industriale cala a maggio
Cut in Russian FX purchases could give the ruble time to breathe
Russia: FX purchases up in April, largely neutral for ruble, but other risks…
Russia: higher oil does not mean better outlook for ruble
Russia: FX purchases more than halved on expected drop in oil exports
Russian ruble: resurgence of FX purchases is not the biggest threat
Russia announced surprisingly high FX purchases of $1.4bn for January after 10 consecutive months of sales. This is a reflection of higher oil revenues…
Russian rouble: obstacles to full recovery remain
USD/RUB's 4% recovery from the pre-US election lows puts the Russian currency closer to fair value, which we see in the 70-75 range, assuming stable…
Russia: higher FX intervention in October may increase RUB resilience
Russian rouble's insulation through FX sales continues to decline
Russia: CBR involvement on FX market shrinks to a minimum
Russia: higher than expected FX sales unlikely to support the rouble
Russia: Resilient current account supports near-term RUB strength
Russia: FX sales by central bank may decline despite guidance
