UAH remains flat as external backdrop improves

UAH remains flat as external backdrop improves



21 листопада 2014 года
ICU

Despite a rather disappointing PMI reading for the Eurozone yesterday, the Euro proved resilient to the negative news and closed at 1.2539/USD, down just 0.12%. Many other currencies closed up versus the US dollar, including the Russian ruble, which pushed the hryvnia down in real trade weighted terms, correcting some of its real appreciation over the past few days. We still view the currency as undervalued (see Chart 15, p.7).

Источник: ICU

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