Russian rouble little changed despite oil rally
MOSCOW, June 17 (Reuters) - The Russian rouble was little changed against the dollar on Tuesday despite the prices rallying as fighting between Israel and Iran entered a fifth day, raising investor concerns over the risk of a broader regional conflict.
By 0925 GMT, the rouble RUB= was up 0.2% at 78.50 per U.S. dollar, according to LSEG data based on over-the-counter quotes. The Russian currency is up by about 44% against the dollar since the start of the year.
Oil prices, traditionally a supportive factor for the rouble, rose as much as 2.2% to a high of $74.85 a barrel, bringing gains in the last week to around 11%.
"The situation with the oil prices may still power up the rouble and help it hit new highs," said PSB bank analyst Bogdan Zvarich.
Against the Chinese yuan, the most traded foreign currency in Russia, the rouble strengthened by 0.3% to 10.91 on the Moscow Stock Exchange.
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