Rouble weakens against dollar as Kursk attack spurs some forex purchases
Adds OTC rates from traders in paragraphs 4, updates prices, adds background
MOSCOW, Aug 9 (Reuters) -The Russian rouble weakened further against the dollar on Friday, according to LSEG and Moscow stock exchange data, with some traders saying that Ukraine's surprise attack in Russia's Kursk region was one of the factors behind the fall.
Trading in major currencies shifted to the over-the-counter (OTC) market, obscuring pricing data, after Western sanctions on the Moscow Exchange and its clearing agent, the National Clearing Centre, were introduced on July 12.
By 1130 GMT the rouble RUB= was 2.7% down at 89.00 against the dollar, according to LSEG data, which can serve as a guide for OTC rates. One-day rouble-dollar futures, which still trade on the Moscow Exchange, were down 0.8% at 86.44.
However, some traders said that in the actual OTC market, dominated by sanctioned Russian banking giants such as Sberbank SBER.MM, the rouble's moves were more moderate, with Sberbank bidding at 85.00 to the dollar.
Russian forces are battling Ukrainian troops for a fourth day after they smashed through the border in the Kursk region in one of the biggest Ukrainian attacks on Russia since the war began in February 2022.
"Perhaps this is a justified reason, for example, for foreign banks remaining in Russia to buy currency," said a dealer at a large Russian bank. The rouble has been on a weakening streak since the attack began.
The rouble was expected to receive support this week from increased net daily sales of foreign currency by the central bank and the finance ministry that went into effect on Aug. 7.
"Kursk shattered market expectations that interventions would be sufficient to support the rouble," the trader added.
Another trader, who spoke on condition of anonymity, said that some importing companies were also hoarding foreign currency as the rates became attractive after weakening in July.
According to an analysis of the OTC market, the rouble was down just 0.3% to 11.91 against the yuan, which has become the most traded foreign currency in Moscow.
It was down 1.9% at 96.53 against the euro EURRUB=.
Brent crude oil LCOc1, a global benchmark for Russia's main export, was up 0.6% at $79.63 a barrel and was heading for a weekly gain of more than 3% as U.S. jobs data calmed demand concerns.
Reporting by Gleb Bryanski; Editing by Mark Potter
Activos relacionados
Últimas noticias
Descargo de responsabilidades: Cada una de las entidades de XM Group proporciona un servicio de solo ejecución y acceso a nuestra plataforma de trading online, permitiendo a una persona ver o usar el contenido disponible en o a través del sitio web, sin intención de cambiarlo ni ampliarlo. Dicho acceso y uso están sujetos en todo momento a: (i) Términos y Condiciones; (ii) Advertencias de riesgo; y (iii) Descargo completo de responsabilidades. Por lo tanto, dicho contenido se proporciona exclusivamente como información general. En particular, por favor tenga en cuenta que, los contenidos de nuestra plataforma de trading online no son ni solicitud ni una oferta para entrar a realizar transacciones en los mercados financieros. Operar en cualquier mercado financiero implica un nivel de riesgo significativo para su capital.
Todo el material publicado en nuestra plataforma de trading online tiene únicamente fines educativos/informativos y no contiene –y no debe considerarse que contenga– asesoramiento ni recomendaciones financieras, tributarias o de inversión, ni un registro de nuestros precios de trading, ni una oferta ni solicitud de transacción con instrumentos financieros ni promociones financieras no solicitadas.
Cualquier contenido de terceros, así como el contenido preparado por XM, como por ejemplo opiniones, noticias, investigaciones, análisis, precios, otras informaciones o enlaces a sitios de terceros que figuran en este sitio web se proporcionan “tal cual”, como comentarios generales del mercado y no constituyen un asesoramiento en materia de inversión. En la medida en que cualquier contenido se interprete como investigación de inversión, usted debe tener en cuenta y aceptar que dicho contenido no fue concebido ni elaborado de acuerdo con los requisitos legales diseñados para promover la independencia en materia de investigación de inversiones y, por tanto, se considera como una comunicación comercial en virtud de las leyes y regulaciones pertinentes. Por favor, asegúrese de haber leído y comprendido nuestro Aviso sobre investigación de inversión no independiente y advertencia de riesgo en relación con la información anterior, al que se puede acceder aquí.
