Russian rouble weakens slightly ahead of Russia-US talks
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FILE PHOTO: An employee holds Russian 1000-rouble banknotes next to a currency counting machine in a bank office in Moscow, Russia, in this illustration picture taken October 9, 2023. REUTERS/Maxim Shemetov/Illustration/File Photo
MOSCOW (Reuters) - The Russian rouble weakened slightly against the U.S. dollar on Monday ahead of Russia-U.S. talks scheduled to take place in Saudi Arabia's capital Riyadh on February 18.
At 0915 GMT, the rouble was down 0.3% at 91.40 against the dollar, still the highest level for the Russian currency since September 2024, according to data from the over-the-counter market.
It was also down 0.3% against China's yuan, the most traded foreign currency in Russia, in trade on the Moscow stock exchange.
"The starting negotiations in Saudi Arabia may continue to fuel a positive news background, which will maintain the buying of the rouble by speculative capital," said PSB Bank's analyst Denis Popov.
The Russian currency is up about 20% against the dollar this year, mostly on expectations of easing of geopolitical tensions between Russia and the West.
(Reporting by Gleb Bryanski, editing by Ed Osmond)
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