MOSCOW, Dec 13 (Reuters) - The Russian rouble
strengthened against the U.S. dollar but weakened against
China's yuan on Friday amid volatility caused by uneven sales of
foreign currency by exporting companies in the aftermath of new
U.S. sanctions.
By 0900 GMT, the rouble was up 1.4% at 103.50 against
the dollar, according to over-the-counter market data from
banks. The rouble had weakened by 1.7% to 14.04 against the yuan
in trading on the Moscow Stock Exchange.
The Russian currency was on track to finish the week lower
after rebounding last week. The rouble lost up to 15% against
the dollar after the U.S. sanctions were imposed on Nov. 22, but
it then recovered much of those losses.
The sanctions hit Gazprombank, Russia's third largest
lender, which handles payments for energy trade with Europe,
disrupting foreign trade transactions and the supply of foreign
currency to the Russian market.
The volatility in the rouble's exchange rate suggested that
Russian firms were still adjusting to the foreign trade
disruptions.
One-day rouble/dollar futures, which trade on the Moscow
Stock Exchange and are a guide for the over-the-counter exchange
rate, were up 0.5% at 103.75. The Russian central bank set an
official exchange rate at 103.27 to the dollar.