MOSCOW, Dec 25 (Reuters) - The Russian rouble held
steady near 100 to the U.S. dollar on Wednesday after
strengthening in five consecutive sessions as the market
adjusted to new U.S. financial sanctions imposed in November.
The rouble traded at 99.70 against the dollar by
0900 GMT, over-the-counter market data showed. The rouble
strengthened 0.7% to 13.60 against China's yuan in trading on
the Moscow Stock Exchange.
Analysts saw possibility for some weakening of the rouble
ahead of Russia's New Year break as some players were taking
profits on rouble positions and buying foreign currency in order
to have it in stock during the holiday period.
"The rouble has completed a strengthening wave, while
foreign currencies have plummeted to the target area with the
dollar below 100. Active traders prefer to take speculative
profits," BCS brokerage analysts said.
One-day rouble/dollar futures, which trade on the Moscow
Stock Exchange and are a guide for the over-the-counter exchange
rate, were flat at 102.54. The Russian central bank set an
official exchange rate at 99.87 to the dollar.
(Reporting by Gleb Bryanski; Editing by Emelia
Sithole-Matarise)