MOSCOW, July 12 (Reuters) - The Russian rouble weakened
slightly against the dollar on Friday while trading volumes
remained low.
By 0730 GMT, the rouble was 0.3% lower at 87.25
against the dollar.
Sanctions on Moscow Exchange MOEX.MM and its clearing agent,
the National Clearing Centre (NCC), led to a range of varying
prices and spreads as trading shifted to the over-the-counter
(OTC) market on June 14, obscuring access to reliable pricing
for the Russian currency.
Central bank data published on Thursday showed Russia's
foreign trade surplus rising 19% year-on-year to $67.8 billion
in the first half of 2024. The regulator noted a "more
significant decrease in imports than in exports".
The rouble climbed to one-year highs in mid-June.
The central bank has singled out foreign trade operations as
the most important factor influencing the rouble exchange rate.
The Russian currency is still buttressed by capital controls and
state foreign currency sales.
Against the yuan, which had already become the most traded
foreign currency in Moscow before the latest sanctions were
imposed, the rouble weakened by 0.1% to 11.97, according to an
analysis of the OTC market.
It was down 0.7% at 95.18 against the euro.
Brent crude oil, a global benchmark for Russia's
main export, was up 0.5% at $85.91 a barrel, amid signs of
easing inflationary pressures in the United States, the world's
biggest oil consumer.