UAH strengthens as China and Eurozone currencies weaken

UAH strengthens as China and Eurozone currencies weaken



24 листопада 2014 года
ICU

The hryvnia continued to increase on Friday under the guidance of the NBU. The central bank's decision to postpone the 75% surrender requirement to early December is a sign that the FX market is still under duress. Abroad, however, global markets cheered China's central bank as it declared a rate cut, indicating its willingness to further ease its monetary policy, thus weakening the yuan going forward. In Europe, the ECB head stated a declining euro forecast based on a weaker macroeconomic outlook.

Источник: ICU

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