MOSCOW: The Russian rouble was steady against the dollar in thin trade on Monday, lacking momentum as holidays in the United States and Britain slowed market activity.
At 0730 GMT, the rouble was 0.03% stronger against the dollar at 64.46 and had gained 0.1% to trade at 72.18 versus the euro.
Oil prices were under pressure from Sino-American trade tensions but supported by OPEC's supply cuts. Brent crude oil , a global benchmark for Russia's main export, was up 0.01% at $68.70 a barrel.
The risks associated with the trade tensions between the U.S. and China persist for global markets despite the absence of specific deadlines for the negotiations, analysts at Rosbank said in a note.
"Obvious triggers for increased volatility in the rouble are not yet visible," Mikhail Poddubsky, an analyst at Promsvyazbank, wrote in a note. "We expect the consolidation of the dollar/rouble pair to continue near current levels."
The rouble was also bolstered by month-end tax payments ending on Tuesday. These payments usually prompt export-focused companies to sell foreign currency to meet liabilities at home.
Russian stock indexes were up.
The dollar-denominated RTS index was up 0.2% to 1,281.61 points, while the rouble-based MOEX Russian index was 0.11% higher at 2,622.23 points.
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