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Russian rouble strengthens vs US dollar after New Year break
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Russian rouble strengthens vs US dollar after New Year break
Jan 9, 2025 12:32 AM

MOSCOW, Jan 9 (Reuters) - The Russian rouble

strengthened against the U.S. dollar, but weakened against

China's yuan, as trading picked up after the New Year holiday.

At 0815 GMT, the rouble was up 2.3% at 101.90 against

the dollar, over-the-counter market data showed. The Russian

currency was down 0.8% to 13.64 against the yuan in trading on

the Moscow Stock Exchange (MOEX).

One-day rouble/dollar futures, which trade on MOEX and are a

guide for the over-the-counter exchange rate, were up 0.6% at

102.99. The Russian central bank's last official exchange rate

was set in late December at 101.68.

"As trading becomes more active, liquidity will improve, and

the exchange rate data will become more indicative," BCS

brokerage analysts wrote.

Sanctions on MOEX and its clearing agent, the National

Clearing Centre (NCC), led to varying prices and spreads as

trading in dollars and euros shifted to the over-the-counter

market in June 2024.

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