MOSCOW, Nov 3 Reuters The Russian rouble soared on Friday as the market gauged the impact of Washington39;s latest sanctions against Moscow over the war in Ukraine, heading back towards a threemonth high on the support of foreign currency sales and soaring interest rates.
The dollar39;s weakening after U.S. job growth missed expectations in October also boosted the Russian currency.
By 1455 GMT, the rouble was 1 stronger against the dollar at 92.39 , not too far from 91.6225, its strongest point since Aug. 1, hit on Wednesday.
It had gained 0.4 to trade at 98.88 versus the euro and firmed 0.5 against the yuan to 12.64 .
The rouble has now lost support from monthend tax payments, which were due on Monday and usually see exporters convert foreign exchange revenues to pay domestic liabilities. But President Vladimir Putin39;s decree on mandatory FX sales for some exporters is still buttressing the currency.
The rouble has strengthened from beyond 100 to the dollar since that decree was announced. The central bank39;s higherthanexpected rate hike to 15 in late October has also helped.
The United States on Thursday imposed sweeping new measures against Moscow over the war in Ukraine, targeting Russia39;s future energy capabilities, sanctions evasion, seven Russiabased banks and dozens of industrial firms.
The inclusion of more banks further narrows opportunities for foreign trade payments, may lead to a reduction in imports and could make it dangerous for exporters to…