FX: Market allows hryvnia to weaken

FX: Market allows hryvnia to weaken



29 жовтня 2014 года
ICU

The market allowed the hryvnia to weaken to the 13.0-13.4 range in anticipation that authorities will relax the existing tight FX regime. Following active NBU interventions and additional auctions throughout October, the market is probably concerned about FX reserves, with a running monthly decline of US$1.5-2.0bn. In an effort to calm the perceived negative sentiment toward the hryvnia, the NBU announced two FX auctions. Meanwhile, the Russian ruble fell 0.44% yesterday, a development which could have a spillover effect on economies that neighbor Russia.

Источник: ICU

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