Daily Insight -- Hryvna appreciates to below 25.5 UAH/USD
The hryvna slightly appreciated against the US dollar on Tuesday as the weakness of the American currency continues to support developing countries' currencies. End of month demand for the currency for tax payments period and a second day of lower liquidity in the banking sector also pushed the hryvna higher, up 0.3% to 25.4406 UAH/USD. It sold for 25.39 UAH/USD versus 25.60 to buy in the Ukrainian cash market, and its CPI-based real trade-weighted index rose 0.21% to 108.86; in year-on-year terms, it is up 11.27% from 97.83 last year.
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