... pressure on the ruble. Independent analysts suggest the exchange rate in the range of 98-100 rubles per dollar if demand for Russian export goods decreases and sanctions are strengthened. In such a scenario, the ruble will come under additional pressure. Key factors affecting the ruble to dollar exchange rate: Oil prices: Since Russia is a major energy exporter, lower oil prices or lower demand could weaken the ruble. Inflation in Russia: Domestic inflation at around 8.54% complicates the economic environment, making the ruble vulnerable. Geopolitical ...

... 13:00 MSK: Inflation data could impact the euro and ECB policy. U.S. Housing Starts (October) — 16:30 MSK: Reflects the real estate market's health. Canada CPI (October) — 16:30 MSK: Insights into Canadian inflation may affect the Bank of Canada’s rate decisions. Key Central Bank Speakers: Elderson (EU): Likely to emphasize stability and inflation control. Bank of England Governor: Expected to comment on UK economic conditions post-Brexit. Schmid (U.S.): Likely to address U.S. economic prospects. Focus Points: ...

... in orders would bolster optimism regarding the EU economy, while a decline could heighten recession fears and influence the euro's exchange rate. Bank of Russia Meeting Minutes 16:00 (MSK) – The Bank of Russia will publish the minutes from its last key rate meeting. The document will reveal details of the discussions among the central bank's leadership and the tone of their views regarding the economic situation. Investors will pay particular attention to signals about the regulator's future actions,...

... Russian ruble weakened slightly over the week: the official exchange rate of the dollar set by the Central Bank of Russia for the weekend rose to ~79.55 ₽ (from ~78.86 ₽ the previous week). Pressure on the ruble intensified after the CBR lowered the key rate, as well as due to importers' demand for foreign currency against the backdrop of a recovery in imports. Other CIS currencies also showed decreased dynamics: for instance, the Kazakh tenge is holding around 542 KZT per $1, close to multi-month lows....

... alleviate some geopolitical uncertainty, supporting the markets. At the same time, the rate of price growth in the US has slowed, with the Fed sending “dovish” signals. At the upcoming meeting (July 29–30), the Federal Reserve is likely to keep the key rate at the current level of 5.25%. Moreover, futures already imply about a 60% probability of a rate cut by September, given the moderate inflation. These expectations of additional stimulus in the second half of the year are driving stock prices, particularly ...