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Russian rouble little changed, around 100 to US dollar
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Russian rouble little changed, around 100 to US dollar
Nov 19, 2024 9:32 PM

MOSCOW, Nov 19 (Reuters) - The Russian rouble was little

changed against all major currencies on Tuesday, with the

official exchange rate to the U.S. dollar just below the

100-rouble mark, an important threshold it last fell through

over one year ago.

By 0830 GMT, the rouble was down 0.3% at 100.00

against the dollar and down 0.6% at 106.37 against the euro

, according to LSEG data. The Russian currency weakened

0.2% against the yuan to 13.77 in trade on the Moscow stock

exchange.

The global dollar rally, the main source of the rouble's

weakness in recent days, paused on profit-taking on Tuesday

after the U.S. currency hit a one-year high following the U.S.

election results.

Brent crude oil, a global benchmark for Russia's

main export, was steady at $73.12 a barrel after rising by

almost 3% on Monday as investors remained cautious amid fears of

an escalation in the Russia-Ukraine war.

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

100.00. The central bank's official exchange rate, which it

calculates using OTC data, was last set at 99.94 to the dollar.

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