Mayhem in the FX market

Mayhem in the FX market



7 листопада 2014 года
ICU

The hryvnia declined along with the Euro and the Russian ruble yesterday. See the right side table for the magnitude of FX weakness across the board of currencies against the US dollar which added 0.65% in trade-weighted terms. The Russian ruble, with a dramatic decline fueled by a domestic run on the currency, joined the Euro which weakened after the ECB announced it would increase QE soon. The hryvnia has little chance to escape the appreciating US dollar.

Источник: ICU

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