Big Russian alert for President Donald Trump on Day one at office as Rouble rises against USD dollar

Russian rouble strengthened against the U.S. dollar on Monday ahead of Donald Trump’s inauguration as U.S. president, with the Russian currency up more than 10 per cent since the start of the year despite U.S. energy sanctions.

The Rouble was up 0.8 per cent at 101.65 to the dollar by (0900 GMT), over-the-counter market data showed. The Rouble weakened by 0.35 per cent to 13.82 against China's yuan in trading on the Moscow Stock Exchange (MOEX).

The Russian currency has mostly strengthened since the start of the year after plunging to its weakest level since March 2022 on January 2. The Rouble has been largely unaffected by the latest U.S. sanctions targeting Russia's oil and gas revenue.


"The recent surge in exchange rate volatility amid the latest sanctions from the Biden administration against the Russian oil and gas sector has quickly subsided," said analysts at brokerage BCS.

The U.S. Treasury on January 10 imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegaz , as well as 183 vessels that have shipped Russian oil. Oil prices have since risen above $81 a barrel to their highest in more than four months.

One-day Rouble/dollar futures, which trade on MOEX and are a guide for the over-the-counter exchange rate, were down 0.3 per cent at 102.52. The Russian central bank set the official exchange rate at 102.41.

FAQs

Q1. What is the name of Russian currency?
A1. The name of Russian currency is the Rouble.


Q2. What is the name of China's currency?
A2. The name of China's currency is Yuan.