While currency traders will test the resolve of the centralbank in the coming days, the ruble may be poised to rebound whenpolicy makers do decide to act, Moscow-based Goldman Sachs GroupInc. analysts Clemens Grafe and Andrew Matheny wrote in an e-mailed research note.
Date: Nov 05, 2014
Category: Business
Source: Google
Ruble Slides as Currency-Policy Inaction Outweighs Rate Surprise
The recent pressure on the ruble wasnt generated byinterest-rate-sensitive flows and hence the hike to interestrates alone may not to lead to a significant change, GoldmanSachs analysts Clemens Grafe and Andrew Matheny said in an e-mailed note. The market is likely to test if the central bank
Date: Oct 31, 2014
Category: Business
Source: Google
Russia's Surprise Rate Increase Fails to Stem Ruble Drop
Defending the ruble with rates would be challenging, given the high level of rates, low growth and a weak financial system outside the core banks, Clemens Grafe and Andrew Matheny, analysts at Goldman Sachs Group Inc., said in a note to clients. The market is likely to test if the central bank is
Date: Oct 31, 2014
Category: Business
Source: Google
Ruble's Two-Minute Rally Shows Russia Guessed Wrong Today
The longer Nabiullina keeps its intervention policy crystalclear, the longer traders will profit from keeping shortpositions and betting on further depreciation, Goldman Sachsanalysts Clemens Grafe and Andrew Matheny said.