Rouble reaches three-year high against Chinese yuan
The rouble hit a three-year high against the yuan ahead of President Putin's China visit. High oil prices and energy revenues continue to bolster the currency.
Xurve View
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Xurve View
The Russian rouble reached its strongest level against the Chinese yuan since February 2023 during Tuesday trading. The currency gained 1.6% to 10.45 per yuan as President Vladimir Putin prepared for a state visit to Beijing. This rally reduces exporter competitiveness and profit margins for energy firms operating in the $240 billion trade corridor.
