Bond.az White LogoBond.az Black Logo

Russian rouble hits strongest level vs yuan since early 2023

Russian rouble strengthens to its highest level against Chinese yuan since February 2023, also crossing 72 against US dollar.

Lucas Garcia
ByLucas Garcia- Senior Editor
|
0

The Russian rouble reached its strongest level against China's yuan since February 2023, trading at 10.45 on the Moscow Exchange. The yuan is now Russia's most traded foreign currency.

The rouble also crossed the stronger side of 72 against the US dollar for the first time since March 2023.

Kremlin foreign policy aide Yuri Ushakov said nearly all payments in the $240 billion Russia-China trade are now made in yuan and rouble.

The rouble's strength comes ahead of President Vladimir Putin's visit to China, where new energy deals, including the Power of Siberia 2 gas pipeline, are expected to be discussed.

The currency is supported by high oil prices from the Middle East conflict and a 30-day extension of US sanctions waiver for Russian oil.

More News
Today / 03:30
|
253

Dollar steady, yen weakens on GDP

The dollar holds steady as bond rout pauses; yen falls despite robust Japanese GDP. Asian currencies mixed amid oil drop and geopolitical tensions.

0
Today / 00:50
|
889

Dollar Steadies as Iran Attack Called Off

The dollar steadied as Trump called off an Iran attack, easing safe-haven demand. Bond yields fell, Brent crude dropped 2.4%.

0
Yesterday / 12:30
|
910

Pound Rises but Hovers Near April Low Amid Political Turmoil

The pound rises but stays near April low due to inflation concerns and UK political turmoil.

0
2026-05-16 17:30
|
545

Japan's new firepower: up to 30 trillion yen?

Japan has the firepower for up to 30 trillion yen in yen-buying intervention, says Citi. Impact on USD/JPY and reserve dynamics.

0
2026-05-16 08:51
|
425

BOJ's Himino calls for 'holistic approach' on global monetary system

BOJ's Himino advocates a holistic approach for the global monetary system, moving beyond CBDCs and stablecoins.

0
2026-05-15 18:31
|
704

Yen sees repeated brief surges

The Japanese yen has seen repeated brief surges against the dollar, sparking speculation of intervention by Japanese authorities.

0
...