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Russian rouble little changed in muted trading before Russian public holidays
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Russian rouble little changed in muted trading before Russian public holidays
Apr 27, 2024 1:52 AM

MOSCOW, April 27 (Reuters) - The rouble was little

changed against major currencies on Saturday with low liquidity

and activity on what was an official working day in Russia ahead

of a series of public holidays in May.

Trading activity was subdued and most international markets

were closed due to the weekend.

By 0821 GMT the rouble was 0.1% weaker against the dollar at

91.79. The Russian currency gained 0.4% to trade

at 97.80 versus the euro and was 0.02% stronger

against the yuan at 12.57.

The upcoming May holidays in Russia are expected to bring

volatility risks for the rouble. This period spans not only the

official public holidays themselves (April 29-30 and May 10) but

also the weekdays inbetween (May 2-3 and May 6-8).

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