Eurozone issues weigh on FX

Eurozone issues weigh on FX



26 січня 2015 года
ICU

After the ECB decision on QE last Thursday that weakened the euro, news following the elections in Greece could weaken it further. Exit poll data suggests that far-left and anti-austerity party Syriza has won and, almost forming a majority, can lead a coalition of parties. As a weak euro would put pressure on any currency that depends on exports to the EU and Russia, for Ukraine, this development is also UAH-negative as the EUR and RUB both constitute a bulk of the UAH's trade weighted value, which rose 0.1% on the above-mentioned developments.

Источник: ICU

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