UAH feels more pressure

Макроэкономика 19.11.2015 Yesterday, the NBU was forced to auction US dollars for the second day in row as demand for them was even stronger than on the previous day - at US$25.6m up from US$17.7m. Consequently, the central bank sold US$13.1m to banks at an average FX rate of 23.8745, weaker than the previous day's rate. Also, yesterday's minutes from the US Fed rate-setting committee reinforced market consensus that the US policy rate would be raised in December. So far, however, the DXY index's reaction to this news has been highly muted (it added just 0.02%).