Hryvnia's TWI rises sharply on RUB's collapse

Hryvnia's TWI rises sharply on RUB's collapse



16 грудня 2014 года
ICU

In unprecedented trading yesterday, EM FX markets Declined precipitously versus the US dollar. The Turkish lira declined 3.38% on news that Turkish President Erdogan shrugged off criticism over the arrest of a group of media employees. In Asia, the Chinese yen and Korean won lost 0.08% and 0.35%, respectively. In Russia, the ruble to decline more than 10% for the day to 64.2372/USD as a result of an accelerating flight of capital, ongoing militarist rhetoric, and macroeconomic mismanagement. These developments resulted in a 3.03% increase in the hryvnia's trade-weighted index, which negatively affects the nominal rate of the Ukraine's currency.

Источник: ICU

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