Rouble swings to opaque trading territory after new US sanctions

MOSCOW, June 13 (Reuters) – New U.S. sanctions that forced Russia’s leading exchange to halt dollar and euro trading led to a range of varying prices and spreads as trading moved over-the-counter (OTC) on Thursday, obscuring access to reliable pricing for the Russian currency.

The rouble fell to a one-month low of 91.7455 against the dollar in very low liquidity on the interbank market.

But dollar-rouble futures, which continued trading on Moscow Exchange (MOEX.MM), opens new tab as a derivative instrument, had gained around 2.4% at 0809 GMT and hit a high of around 86.00 in volatile trading.

Source: REUTER