MOSCOW, Nov 7 (Reuters) - The Russian rouble hovered
near 98 to the dollar on Thursday, recovering slightly after
touching a more than one-year low past 100 in the previous
session as Donald Trump declared victory in the U.S. election.
Trump's imminent return to the White House is putting a
spotlight on the dollar, which could have far-reaching
implications for everything from domestic manufacturers to
emerging markets if the currency's rally continues.
By 0737 GMT, the rouble was 0.9% weaker against the dollar
at 98.05, according to LSEG data. It was 0.1% weaker
against the yuan at 13.61, and shed 0.1% to 105.17
against the euro.
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.
One-day rouble-dollar futures, which trade on the Moscow
exchange are a guide for OTC market rates. The central bank's
official exchange rate, which it calculates using OTC data, was
last set at 98.22 to the dollar.
Moscow Exchange, Russia's largest bourse, delayed the start
of trading on Thursday after detecting an error in the stock
market's trading and clearing system.
(Writing by Alexander Marrow, Editing by Timothy Heritage)