UAH drops while global markets remain shaky

UAH drops while global markets remain shaky



1 вересня 2015 года
ICU

As the NBU did not intervene yesterday into the local FX market. Should no one take action, the UAH rate could slide as much as 4.95%. However, the FX abroad has extended their high volatility as investors absorb more news and data on major global market developments, thus allowing for consensus to build behind the idea that Fed will hold rates steady this month and postpone the rate increase to December or next year altogether. Crude oil surged by a massive daily gain of 6.24%, pushing up the currencies of commodity-dependent currencies. The euro that substitutes the Russian ruble as its major currency of the hryvnia trade weighted basket rose 0.23% to 1.1211. The hryvnia's TWI declined by 5.17%.

Источник: ICU

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