FX: Hryvnia steady as focus is on politics

FX: Hryvnia steady as focus is on politics



14 листопада 2014 года
ICU

The following factors weighed on the hryvnia over the past day. First, yesterday the NBU exercised its promise to stem devaluation pressure on the currency. Second, aside from raising the key rate by 1.5ppt to 14%, the NBU could enact further measures against banks that act aggressively in the FX market. At yesterday's close, the UAH rose a modest 1.2% to 15.56/USD (by NBU's weighted-average rate). The Russian ruble was bolstered by the Russian central bank's decision to not overshoot its devaluation. The Euro received support yesterday as reported inflation in key eurozone economies accelerated (albeit from a very low basis) last month. The hryvnia's real trade weighted value rose by 0.28% .

Источник: ICU

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