MOSCOW, Nov 11 (Reuters) - The Russian rouble weakened
against the U.S. dollar on Monday as local markets weighed the
prospects of a de-escalation in the war in Ukraine following a
conversation between U.S. President-elect Donald Trump and
Russian President Vladimir Putin.
By 0830 GMT, the rouble was 0.4% weaker against the dollar
at 98.00, according to LSEG data. On Nov. 6, the Russian
currency hit a more than one-year low against the dollar, as the
U.S. currency strengthened on global markets.
The rouble was flat against China's yuan at 13.73,
and weakened 0.2% to 107.68 against the euro. Analysts
noted an improvement with the yuan liquidity situation in
November following the shortage in the recent weeks.
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.
Trump spoke to Putin in recent days and advised him not to
escalate the Ukraine war, a source familiar with the
conversation told Reuters.
One-day rouble-dollar futures, which trade on the Moscow
exchange and are a guide for OTC market rates, were up 0.3% to
98.06. The central bank's official exchange rate, which it
calculates using OTC data, was last set at 97.83 to the dollar.
Brent crude oil, a global benchmark for Russia's
main export, was little changed at $74.05 a barrel after falling
more than 2% on Nov. 8.