Hryvnia's TWI appreciation

Hryvnia's TWI appreciation



25 червня 2015 года
ICU

The hryvnia's trade weighted value rose 2.36% yesterday while its market rate moved up just 2.08% as the result of two factors. First, the third review of 1Q real GDP yielded a 0.2% contraction, an improvement from the previous estimate of a 0.7% contraction. This was reinforced by updates of the Greek debt restructuring to determine if Greece withdraws its membership from the EU or adopts a socially painful austerity program. The second factor is that the Russian ruble dropped 1.14%. The more the hryvnia's TWI appreciates, the more severely the market will inevitably correct.

Источник: ICU

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