UAH in retreat, in line with EM FX

UAH in retreat, in line with EM FX



31 березня 2015 года
ICU

The hryvnia was sliding yesterday alongside with many emerging market currencies versus the US dollar, which itself resumed rising after several days ling retreat. The dollar index (DXY) was growing most of thrones day and closed 0.7% up from previous day. This market turn to favor the dollar again after nearly week long weakness could a market manifestation that US labor market report (due this Friday) would print more than 200,000 new jobs created in the economy. Hence, this would make the case for the Fed to start raising rates this June a more certainty than previously thought. The euro ended the day down 0.51%, while Russian ruble was supported by the oil market that is being influenced by the military conflict in Yemen. In the end, hryvnia real trade weighted value decreased by 0.69%.

Источник: ICU

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