MOSCOW, Jan 23 (Reuters) - The Russian rouble remained
on the stronger side of 100 to the dollar on Thursday but
stopped its three-day strengthening streak that followed the
inauguration of U.S. President Donald Trump.
The rouble had weakened by 0.4% to trade at 99.65 to
the dollar by 0820 GMT, over-the-counter market data showed. The
rouble was 0.4% weaker against China's yuan at 13.59 in trading
on the Moscow Stock Exchange (MOEX).
On Jan. 21, the rouble briefly hit its highest level against
the dollar since Nov. 6, 2024.
The rouble, supported my market optimism about easing of
Russia-U.S. tensions and by increased sales of forex by the
state, has been strengthening despite the latest U.S. sanctions,
that targeted Russia's energy sector.
"After a significant rollback of foreign currencies, the
pace of the rouble's strengthening may slow down. The potential
for the weakening of the dollar is already small," BCS brokerage
analysts said.
One-day dollar/rouble futures, which trade on MOEX and are a
guide for the over-the-counter exchange rate, were up 1.1% at
101.1, suggesting that the rouble could return to the weaker
side of the 100 level to the dollar in the coming days.
The Russian central bank set the official exchange rate at
98.28.