MOSCOW, Nov 14 (Reuters) - The Russian rouble held
steady against the U.S. dollar on Thursday, strengthened against
the euro and weakened against China's yuan.
By 0730 GMT, the rouble was flat at 98.50 against the
dollar. It was 0.2% up against the euro at 103.85,
according to LSEG data. It weakened by 0.2% against the yuan to
13.62 in trade on the Moscow stock exchange.
The rouble has lost about 13% against the dollar since early
September and briefly hit the 100 mark last week before
stabilising around current levels.
Western sanctions imposed on the Moscow Exchange (MOEX) and
its clearing agent, the National Clearing Centre, on June 12
stopped all trade in dollars and euros at MOEX, making the yuan
the most-traded foreign currency in Russia.
Trade in dollars and euros has shifted to the
over-the-counter (OTC) market, obscuring price data and making
the rouble's exchange rate more volatile.
One-day rouble-dollar futures, which trade on the Moscow
exchange and are a guide for OTC market rates, were up 0.2% at
98.69. The central bank's official exchange rate, which it
calculates using OTC data, was last set at 98.37 to the dollar.
Brent crude oil, a global benchmark for Russia's
main export, was down 0.6% at $71.86 a barrel on fears of higher
output.