MOSCOW: The Russian rouble was flat against the dollar but strengthened against China’s yuan on Thursday in a market that remained thin, ahead of foreign currency sales by exporting companies at August-end that are expected to support the rouble.
By 0745 GMT, the rouble was flat at 91.50 to the dollar, according to LSEG data.
Trading in major currencies shifted to the over-the-counter (OTC) market, obscuring pricing data, after Western sanctions on the Moscow Exchange and its clearing agent, the National Clearing Centre, were introduced on June 12.
One-day rouble-dollar futures, which trade on the Moscow Exchange and serve as guidance for the OTC market rates, were down 0.11 per cent at 89.87.
The central bank’s official exchange rate, which it calculates using OTC data, was set at 90.69 to the dollar.
According to an analysis of the OTC market, the rouble strengthened by 0.4 per cent to 12.06 against the Chinese yuan, which has become the most traded foreign currency in Moscow.
It was down 0.1 per cent at 102.11 against the euro, according to LSEG data.
Brent crude oil, a global benchmark for Russia’s main export, was down 0.2 per cent at $75.94 a barrel as investors worried about the global demand outlook.
By 0745 GMT, the rouble was flat at 91.50 to the dollar, according to LSEG data.
Trading in major currencies shifted to the over-the-counter (OTC) market, obscuring pricing data, after Western sanctions on the Moscow Exchange and its clearing agent, the National Clearing Centre, were introduced on June 12.
One-day rouble-dollar futures, which trade on the Moscow Exchange and serve as guidance for the OTC market rates, were down 0.11 per cent at 89.87.
The central bank’s official exchange rate, which it calculates using OTC data, was set at 90.69 to the dollar.
According to an analysis of the OTC market, the rouble strengthened by 0.4 per cent to 12.06 against the Chinese yuan, which has become the most traded foreign currency in Moscow.
It was down 0.1 per cent at 102.11 against the euro, according to LSEG data.
Brent crude oil, a global benchmark for Russia’s main export, was down 0.2 per cent at $75.94 a barrel as investors worried about the global demand outlook.
