MOSCOW, Nov 12 (Reuters) - The Russian rouble weakened
against the U.S. dollar on Tuesday after an unexpected spike
during the Monday session, following the global currency market
where the dollar rose towards a four-month peak.
By 0930 GMT, the rouble was 2% weaker against the dollar
at 97.95, losing ground after strengthening 1.6% during
the Monday session, according to LSEG data.
The rouble weakened by 1.8% against the euro,
after strengthening by 2.2% during Monday's session, according
to LSEG.
The rouble strengthened by 0.2% to 13.41 against China's
yuan in trade on the Moscow stock exchange, with traders and
analysts saying that the yuan liquidity situation has been
improving following a shortage earlier in the year.
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 flat at
97.82. The central bank's official exchange rate, which it
calculates using OTC data, was last set at 97.86 to the dollar.
Brent crude oil, a global benchmark for Russia's
main export, was up 0.5% at $72.12 a barrel.