Hryvnia in decline

Hryvnia in decline



26 березня 2015 года
ICU

Yesterday, the hryvnia lost 1.18% versus the US dollar, which also was down, and its nominal trade-weighted value contracted 0.22% (Bloomberg: DXY). The euro increased 0.44% and the Russian ruble rose 0.53%. The hryvnia's trade-weighted value fell for the second consecutive day - down 1.39% yesterday, 3.02% the day before, and 1.84% over the past week, suggesting that the local FX market has heavily sold the hryvnia. Because of this, as long as the USD index keeps trending lower or sideways, the hryvnia should recover over the next week.

Источник: ICU

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