Yuan outperforms dollar trading on Moscow Exchange

For 1st time in history, Chinese yuan leaves US dollar behind in terms of trade volume with $756.9M on Thursday

By Tuba Sahin

ANKARA (AA) - China’s yuan outperformed the dollar in terms of trading volume on the Moscow Exchange for the first time on record, Russian media reported on Thursday.

"The yuan-ruble trading with payments tomorrow totaled 45.4 bln rubles ($756.9 million), while the dollar-ruble trading volume was 43.7 bln rubles ($730.2 million)," according to TASS news agency.

The volume of trading in the euro was 49.9 billion rubles ($833.9 million) at the same time.

The greenback lost 2% on a daily basis to 59.53 rubles on Thursday, while the yuan fell 2.08% to 8.77 rubles.

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