Volumes on Russia's currency market hit a record $9 billion on Thursday with traders reporting major dollar selling, possibly linked to auctions of assets in bankrupt oil firm Yukos.
The rouble climbed to a new multi-year high to the dollar, as the US currency touched a two-year low against the euro on concerns over the health of the US economy and prospects for monetary tightening in the euro zone. Roubles for 'tomorrow' delivery traded at 25.88 to the dollar at the end of official trade on Thursday, compared with 25.91 on Wednesday.
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