The Russian rouble rose against the Chinese yuan, in trading on Wednesday, for the fifth day in a row, after the United States announced imposing sanctions on the Moscow Stock Exchange and its subsidiaries last week.
The yuan fell below the level of 11 roubles for the first time since May 2023, as it fell by more than 5% during today’s trading in Moscow, but it later reduced its losses, according to “Bloomberg.”
These losses came after the yuan fell against the Russian currency on Tuesday by more than 4%, its largest decline in more than two years, as US restrictions forced Russia to end trading in the dollar and the euro.
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