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Russian rouble remains under pressure from weaker FX sales by exporters

Russian rouble remains under pressure from weaker FX sales by exporters MOSCOW, July 5 (Reuters) - The Russian rouble traded around 88 against the dollar on Friday and is likely to remain under continued pressure from lower currency sales by exporters after they completed their rouble tax payments. Sanctions on the Moscow Exchange MOEX.MM and its clearing agent, the National Clearing Centre (NCC), led to a range of varying prices and spreads as trading shifted to the over-the-counter (OTC) marke
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Russian rouble recovers from over one-week low against dollar

Russian rouble recovers from over one-week low against dollar MOSCOW, July 4 (Reuters) - The Russian rouble recovered from a more than one-week low against the dollar on Thursday, propped up by factors ranging from high interest rates to reduced imports after coming under pressure from reduced foreign currency sales at the start of the month. By 0729 GMT, the rouble was 0.4% higher at 87.50 RUB= against the dollar, earlier hitting its weakest point since June 24 of 88.82. "The volatility of the
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EMFX unlikely to reverse 2024 losses over the next six months

RPT-POLL-EMFX unlikely to reverse 2024 losses over the next six months Repeats earlier story for wider readership with no change to text reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=CNY= yuan poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=ZAR= rand poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=INR= rupee poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=TRY= lira poll data reuters://
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EMFX unlikely to reverse 2024 losses over the next six months

RPT-POLL-EMFX unlikely to reverse 2024 losses over the next six months Repeats earlier story for wider readership with no change to text reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=CNY= yuan poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=ZAR= rand poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=INR= rupee poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=TRY= lira poll data reuters://
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Russian oil and gas revenue soars 41% in first half, data shows

UPDATE 1-Russian oil and gas revenue soars 41% in first half, data shows Oil and gas revenue jumps as rouble weakens, oil price rises The revenue accounts for a third of Russian budget proceedings Russian economy weathers sanctions Recasts to reflect data for the first half of the year, adds detail, background throughout MOSCOW, July 3 (Reuters) - Proceeds from oil and gas sales for Russia's federal budget rose by around 41% year on year in th e first half of the year 5.698 trillion roubles ($65
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Rouble firms against dollar in relatively narrow trading range

Rouble firms against dollar in relatively narrow trading range MOSCOW, July 3 (Reuters) - The rouble firmed against the dollar on Wednesday, trading in its narrowest range since new U.S. sanctions on Russia's key financial systems brought a halt to exchange trading in the dollar and euro in Moscow last month. By 0757 GMT, the rouble was 0.5% higher at 87.40 RUB= against the dollar, trading largely in the 87-88 range, a relatively small band following weeks of volatility.
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Weak state of emerging currencies may spur risk aversion

BUZZ-COMMENT-Weak state of emerging currencies may spur risk aversion July 3 (Reuters) - The weak state of emerging market currencies may spur risk aversion , which boosts demand for the dollar and could drive these less liquid currencies down further and faster. In the past, similar slumps in these currencies have been the result of a crisis, though that is not the case today.
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Russia seen hiking rates by 200 bps to 18% in July as inflation quickens

POLL-Russia seen hiking rates by 200 bps to 18% in July as inflation quickens reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=RUGDPYAP poll data Bank of Russia seen hiking rates to 18% on July 26 Rouble seen at 97.5 vs dollar in 12 months Russia's GDP growth forecast at 3.1% in 2024 Inflation expected to end 2024 at 6.4% This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine By Alexander Marrow and Elena Fabrichnaya MO
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Russian rouble eases against dollar, yuan as FX selling eases

Russian rouble eases against dollar, yuan as FX selling eases MOSCOW, July 2 (Reuters) - The Russian rouble weakened against the dollar and yuan on Tuesday, under pressure at the start of the month as exporters reduced their foreign currency sales after paying taxes and the central bank's reduced FX sales kicked in. By 0704 GMT the rouble was trading 0.9% lower at 87.50 RUB= against the dollar, in relatively low volume trade after U.S.
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Rouble eases against dollar and euro as tax deadline passes

Rouble eases against dollar and euro as tax deadline passes MOSCOW, July 1 (Reuters) - The rouble fell against the dollar and euro on Monday but held its ground against the yuan as the passage of an end-June tax deadline and a cut in central bank daily forex sales combined to exert pressure on the Russian currency. By 0825 GMT the rouble was trading 0.4% lower at 86.05 RUB= against the dollar.
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Rouble weakens after exporters complete forex sales for tax payments

Rouble weakens after exporters complete forex sales for tax payments MOSCOW, June 28 (Reuters) - The Russian rouble weakened against the dollar after exporters completed their forex sales to meet Friday's monthly tax payment deadline. Traders said Thursday's announcement by the central bank that it would reduce its daily foreign currency sales in the second half of the year - separate from the operations it conducts on behalf of the finance ministry - was also a factor weighing against the roubl
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Dollar will rise if safer assets draw investors

BUZZ-COMMENT-Dollar will rise if safer assets draw investors June 28 (Reuters) - Crude oil has shot higher by $10/bbl this month , challenging expectations for interest rate cuts, and potentially undermining extremely elevated stock markets. Should this fuel risk aversion, the dollar will rise as investors are drawn to safer assets. This year stocks have soared regardless of a number of risk averse situations that would otherwise have sent them lower, and have partly done so because investors ex
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Rouble rises strongly ahead of monthly tax payments

Rouble rises strongly ahead of monthly tax payments MOSCOW, June 27 (Reuters) - The Russian rouble rose strongly against the dollar on Thursday in volatile, low-liquidity trade, supported by exporters' sales of foreign currency earnings ahead of a tax payment deadline on Friday. Sanctions on Moscow Exchange MOEX.MM and its clearing agent, the National Clearing Centre (NCC), have led to a range of varying prices and spreads as trading shifted to the over-the-counter (OTC) market on June 14, obscu
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Russian rouble firms in low volume as month-end taxes approach

Russian rouble firms in low volume as month-end taxes approach MOSCOW, June 26 (Reuters) - The Russian rouble strengthened on Wednesday, moving towards 87 against the dollar with favourable month-end tax payments approaching, but in low volume trade after U.S. sanctions halted exchange trading in the dollar and euro earlier in June. Sanctions on Moscow Exchange MOEX.MM and its clearing agent, the National Clearing Centre (NCC), have led to varying prices and spreads as trading shifted to the ove
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Russian rouble strengthens vs dollar in opaque, volatile trade

Russian rouble strengthens vs dollar in opaque, volatile trade MOSCOW, June 25 (Reuters) - The Russian rouble strengthened in volatile, low volume trade on Tuesday, with the Russian market still jittery following new sanctions on Russia's key financial systems that led to a halt in exchange trading in dollars and euros in Moscow. Sanctions on Moscow Exchange MOEX.MM and its clearing agent, the National Clearing Centre (NCC), have led to a range of varying prices and spreads as trading shifted to
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Stocks, FX kick off week on caution; South Africa, Russia in focus

CORRECTED-EMERGING MARKETS-Stocks, FX kick off week on caution; South Africa, Russia in focus Adds missing word South in paragraph 1, corrects index to MSCI in paragraph 2, removes Morocco from paragraph 5 Ghana reaches debt restructuring agreement in principle Investors bullish on India bonds, Morgan Stanley says World Bank announces $700 mln in financing for Egypt Stocks off 0.3%, FX flat By Johann M Cherian June 24 (Reuters) - Caution dominated the mood across emerging markets on Monday, ahea
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Rouble strengthens as post-sanctions volatility convulses Russian markets

Rouble strengthens as post-sanctions volatility convulses Russian markets MOSCOW, June 24 (Reuters) - The rouble strengthened on Monday, paring some of the heavy losses sustained at the end of last week, as the impact of U.S. sanctions that led to an exchange trading halt of dollars and euros in Moscow continued to reverberate through Russian markets.
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Volatile rouble extends losses after sharpest daily drop since July 2022

Volatile rouble extends losses after sharpest daily drop since July 2022 MOSCOW, June 21 (Reuters) - The Russian rouble weakened against the dollar in low liquidity on Friday, extending losses after its sharpest daily fall since July 2022 in the previous session, as markets reacted to last week's U.S. sanctions on key financial systems after some initial appreciation.
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Russia relaxes mandatory FX revenue conversion requirement for exporters

UPDATE 2-Russia relaxes mandatory FX revenue conversion requirement for exporters Adds detail in paragraphs 5-6, 8-11 MOSCOW, June 21 (Reuters) - Russia has reduced the volume of foreign currency revenue that exporters must convert into roubles to 60% from 80%, the government said on Friday, deciding to soften capital controls in part due to the rouble's strengthening.
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Russian rouble eases from over-one-year highs against dollar, yuan

Russian rouble eases from over-one-year highs against dollar, yuan MOSCOW, June 20 (Reuters) - The Russian rouble eased from over-one-year highs against the dollar and yuan on Thursday, paring some of the previous session's hefty gains amid low liquidity as markets responded to last week's new U.S. sanctions on key financial systems. The sanctions on Moscow Exchange MOEX.MM and its clearing agent, the National Clearing Centre (NCC), led to a range of varying prices and spreads as trading shifted
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