At the beginning of this week, the dollar remained firm, while the Russian ruble stabilized in over-the-counter trading. However, the Russian market is adapting to the new sanctions. The euro has also stabilized.

As the euro neared its lowest level in over a month, amid continuing concerns about the political outlook in Europe, the dollar remained firm on Monday. The market has also been preparing for a series of top-tier economic data from China, as investors seek to know how the world's second-largest economy is struggling to gain momentum.

The euro remained virtually stable at 1.0703 dollars, recovering somewhat after falling to the lowest level since May 1, at 1.06678 dollars on Friday. The currency also recorded its biggest weekly drop since April at 0.88% last week

The ruble stabilized against the dollar in over-the-counter (OTC) trading on Monday as the Russian market was facing new American sanctions that forced the main Russian stock exchange to suspend trading in dollars and euros last week. The ruble was up 0.1% at 88.27 at 07:59 GMT, according to a Reuters analysis of the OTC market. The euro was up 0.2% to 94.38