HALISTER1: Raiffeisenbank Expects Rise in Russia FX Liquidity Cost in 4Q

Raiffeisenbank Expects Rise in Russia FX Liquidity Cost in 4Q

(Bloomberg) -- The spread between interest-rate and cross-currency swaps may widen by 25-50bps amid rise in FX liquidity deficit as clients meet foreign debt payments in 4Q, Raiffeisenbank analysts say in e-mailed note.
  • Fed’s policy tightening in December will also increase demand for FX assets
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Source: BFW (Bloomberg First Word)

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