Hryvnia down further

Hryvnia down further



9 грудня 2014 года
ICU

Following noteworthy developments over the past week, the hryvnia is expected to resume its decline. The ruble and euro declined as the Russian central bank spent a total of US$2bn in interventions over the past week. After the US economy surpassed expectations with a better-than-expected monthly jobs report, the dollar index was up 1.25% last week and down 0.33% this Monday. The hryvnia's complications arise from very high inflation that erodes the positive impact of the devaluation that occurred earlier this year.

Источник: ICU

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