Hryvnia inches down in complicated environment

Hryvnia inches down in complicated environment



15 грудня 2014 года
ICU

The hryvnia closed down 0.24% on trading volume of US$190m on Friday in a FX market tightly regulated by Ukrainian financial authorities in an effort to restrain the sharp devaluation that began this autumn. The hryvnia's trade-weighted index rose 1.06% as the Russian ruble fell an additional 4.60% following another day of the global crude oil price decline. This index's appreciation is negative for the hryvnia as it increases the future need for the USD/UAH rate to decline to offset the past appreciation.

Источник: ICU

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