MOSCOW, Nov 5 (Reuters) - The rouble slid to a near
one-year low against China's yuan on Tuesday under pressure from
reduced foreign currency sales by exporters at the start of the
month and with the U.S. presidential election on Nov.5.
By 0707 GMT, the rouble was down 1.3% to 13.73 against the
yuan, according to LSEG data, its weakest mark since Oct. 9,
2023. Versus the dollar, the rouble was 0.3% stronger, at
98.10.
The rouble had shed 0.1% to 107.77 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 97.55 to the dollar.
(Writing by Alexander Marrow; Editing by Michael Perry)