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The ruble appreciates against the yuan, but falls against the dollar and the euro

The yuan has been the most traded foreign currency in Russian markets since the beginning of the year due to Western sanctions, and trading is mainly over-the-counter

Aug 8, 2024 12:38 517

The ruble appreciates against the yuan, but falls against the dollar and the euro  - 1

The Russian ruble strengthened its positions against the yuan in today's trade, supported by serious daily sales of Chinese currency by the finance ministry and the central bank, Reuters reported, quoted by BTA.

In early trade, the ruble rose 0.1 percent to 11.84 rubles, but fell 0.4 percent against the dollar to $85.85 and lost 0.3 percent against the euro to 93.93 rubles.

The yuan has been the most traded foreign currency on Russian markets since the beginning of the year due to Western sanctions, and trading is mainly over-the-counter after sanctions were imposed on the Moscow Stock Exchange and the National Clearing Center a month ago, Reuters recalls..