Russian rouble recovers slightly after hitting over one-year low vs dollar
MOSCOW, Nov 7 (Reuters) -The Russian rouble hovered near 98 to the dollar on Thursday, recovering slightly after touching a more than one-year low past 100 in the previous session as Donald Trump declared victory in the U.S. election.
Trump's imminent return to the White House is putting a spotlight on the dollar, which could have far-reaching implications for everything from domestic manufacturers to emerging markets if the currency's rally continues.
By 0737 GMT, the rouble was 0.9% weaker against the dollar RUB= at 98.05, according to LSEG data. It was 0.1% weaker against the yuan CNYRUB= at 13.61, and shed 0.1% to 105.17 against the euro EURRUB=.
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 98.22 to the dollar.
Moscow Exchange, Russia's largest bourse, delayed the start of trading on Thursday after detecting an error in the stock market's trading and clearing system.
Writing by Alexander Marrow, Editing by Timothy Heritage
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