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Russian rouble weakens vs United States dollar, follows international forex market

The Russian rouble weakened against the U.S. dollar on Tuesday after an unanticipated spike throughout the Monday session, following the global currency market where the dollar rose towards a fourmonth peak.

By 0930 GMT, the rouble was 2% weaker against the dollar at 97.95, losing ground after enhancing 1.6% during the Monday session, according to LSEG information.

The rouble compromised by 1.8% versus the euro, after strengthening by 2.2% throughout Monday's session, according to LSEG.

The rouble enhanced by 0.2% to 13.41 against China's. yuan in trade on the Moscow stock market, with traders and. analysts saying that the yuan liquidity scenario has actually been. enhancing following a scarcity earlier in the year.

Western sanctions troubled the Moscow Exchange (MOEX) and. its clearing representative, the National Clearing Centre, on June 12. stopped all sell dollars and euros at MOEX, making the yuan. the most-traded foreign currency in Russia.

Sell dollars and euros has shifted to the. over the counter (OTC) market, obscuring rate data and making. the rouble's currency exchange rate more unpredictable.

One-day rouble-dollar futures, which trade on the Moscow. exchange and are a guide for OTC market rates, were flat at. 97.82. The central bank's main exchange rate, which it. computes utilizing OTC data, was last set at 97.86 to the dollar.

Brent crude oil, an international criteria for Russia's. main export, was up 0.5% at $72.12 a barrel.

(source: Reuters)