Tag Archives: Russian rouble

With the first half of 2018 now drawn to a close, much of the financial medias’ headlines and commentary relating to the gold market has been focusing on the fact that the US dollar gold price has moved lower year-to-date. Specifically, from a US dollar price of $1302.50 at close on 31 December 2017, the price of gold in US dollar terms has slipped by approximately 3.8% over the last six months to around $1252.50, a...

On 6 April, the Trump Administration announced additional and more severe sanctions against Russia “in response to the totality of the Russian government’s ongoing and increasingly brazen pattern of malign activity around the world”. US sanctions target seven Russian oligarchs, 12 companies controlled by them, and 17 high-ranking government officials. The measures freeze any US assets held by those targeted and cut them...

The Russian rouble is now undervalued – but risky - following a sharp drop in the wake of the Trump Administration’s announcement of new sanctions.On 6 April, the Trump Administration announced additional and more severe sanctions against Russia “in response to the totality of the Russian government’s ongoing and increasingly brazen pattern of malign activity around the world”. These sanctions confirm a tougher stance of the US Congress against Russia.Following the announcement, the Russian...

Scorecard shows resilience of EM currencies in recent months.Our Emerging Market (EM) FX scorecard, designed to assess the attractiveness of a given currency over the coming 12 months, ranks 10 EM currencies according to key criteria such as growth and vulnerability to external shocks.There have been few changes over the past month. EM currencies have been resilient thus far in 2018, despite higher risk aversion and higher US funding costs. However, taking into account the decline in carry,...

Our EM currencies scoreboard shows valuation factors driving the Chinese renminbi turning negative, while idiosyncratic factors behind the South Africa rand have improved.Our Emerging Market (EM) FX scorecard, designed to assess the attractiveness of a given currency over the coming 12 months, ranks 10 EM currencies according to key criteria such as growth and vulnerability to external shocks.There have been only few changes over the past month. Our EM FX scorecard still shows the Brazilian...

The scope of this note is to present a score card for Emerging Market (EM)currencies, designed to assess the attractiveness of a given currency over the coming 12 months. The scorecard (see chart), constructed using a rules – based methodology, suggests that the Russian rubble and the Brazilian real are currently among the most attractive EM currencies. EM FX scorecard - Click to enlarge Construction of the EM FX...

Our EM currencies scorecard suggests that the Russian rubble and the Brazilian real are currently among the most attractive EM currencies.Our Emerging Market (EM) FX scorecard, designed to assess the attractiveness of a given currency over the coming 12 months, ranks 10 EM currencies according to key criteria. The indicators we singled out to analyse the relative attractiveness of EM currencies are growth, inflation, valuation, carry, vulnerability to external shocks, trade and idiosyncratic...