financetom
Market
financetom
/
Market
/
Russian rouble flat vs US dollar, China's yuan
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russian rouble flat vs US dollar, China's yuan
Jan 16, 2025 2:31 AM

MOSCOW, Jan 16 (Reuters) - The Russian rouble held

steady against both the U.S. dollar and the Chinese yuan on

Thursday as increased forex sales and higher oil prices offset

the impact of U.S. energy sanctions.

The rouble traded at 102.60 to the dollar at 0945 GMT,

unchanged from the previous day, over-the-counter market data

showed. The rouble was flat at 13.83 against the yuan in trading

on the Moscow Stock Exchange (MOEX).

Under a complex scheme of market operations the central bank

buys and sells yuan, the only major foreign currency it can now

hold, increasing the net sales when necessary to ensure

sufficient supply of the currency on the market.

Net sales of the yuan by the central bank have increased by

almost one third since Jan. 15, providing support for the rouble

and countering the impact of the U.S. energy sanctions, imposed

last week.

Prices for oil, Russia's main export commodity, steadied on

Thursday a day after settling at multi-month highs.

One-day rouble/dollar futures, which trade on MOEX and are a

guide for the over-the-counter exchange rate, were also flat at

103.65. The Russian central bank set the official exchange rate

at 102.81.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Tech Stocks Advance Pre-Bell Wednesday
Sector Update: Tech Stocks Advance Pre-Bell Wednesday
May 26, 2025
09:10 AM EDT, 05/14/2025 (MT Newswires) -- Technology stocks advanced pre-bell Wednesday, as the Technology Select Sector SPDR Fund (XLK) was up 0.4% and the SPDR S&P Semiconductor ETF ( XSD ) was 0.3% higher recently. Sony Group ( SONY ) shares rose past 5% after the company reported a higher fiscal Q4 net income and announced a new 50...
Oil Prices Ease on Unexpected Rise in U.S. Inventories
Oil Prices Ease on Unexpected Rise in U.S. Inventories
May 26, 2025
09:04 AM EDT, 05/14/2025 (MT Newswires) -- Oil prices weakened early on Wednesday following a report showing U.S. inventories unexpectedly rose last week, heightening concerns the market is becoming oversupplied, even as OPEC issued another optimistic outlook for demand growth this year. West Texas Intermediate crude oil for June delivery was last seen down US$0.72 to US$62.95 per barrel, while...
US STOCKS-Wall St on track for higher open as trade optimism holds
US STOCKS-Wall St on track for higher open as trade optimism holds
May 26, 2025
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures up: Dow 0.19%, S&P 500 0.27%, Nasdaq 0.37% * Three Fed speakers scheduled to speak on Wednesday * American Eagle Outfitters ( AEO ) drops after withdrawing FY forecast (Updates before markets open) By Shashwat Chauhan and Pranav...
Sector Update: Energy
Sector Update: Energy
May 26, 2025
09:04 AM EDT, 05/14/2025 (MT Newswires) -- Energy stocks fell premarket Wednesday with the Energy Select Sector SPDR Fund (XLE) recently declining by 0.4%. The United States Oil Fund (USO) was down 1% and the United States Natural Gas Fund (UNG) was 2.5% lower. Front-month US West Texas Intermediate crude oil was down 1.1% at $62.95 per barrel at the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved