UAH stable as external catalysts subside

UAH stable as external catalysts subside



19 листопада 2014 года
ICU

The hryvnia appears to be stabilizing as the NBU recorded another small increase in both the official nominal and weighted average exchange rate yesterday. Bloomberg reported the USD/UAH rate closed at 15.529, flat to previous day. Several factors are the cause. First, the US dollar index rally subsided and the DXY index is now trading sideways. Second, the Russian ruble's steep devaluation, which correlated with the US dollar's rally, also stopped. With the ruble hovering around 47/USD, it is only logical for the hryvnia to take a pause after such a rapid and severe decline.

Источник: ICU

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