MOSCOW, Nov 8 (Reuters) - The Russian rouble steadied
near 98 to the dollar on Friday, still trading close to the
symbolic 100 threshold it briefly crossed as Donald Trump
declared victory in the U.S. election earlier this week.
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 0857 GMT, the rouble was 0.2% stronger against the dollar
at 97.80, according to LSEG data. On Wednesday, the
Russian currency hit a more than one-year low against the
dollar.
The rouble was 1.4% stronger against the yuan at
13.54, and gained 0.1% to 105.74 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 98.07 to the dollar.
(Writing by Alexander Marrow
Editing by Tomasz Janowski)