Daily Insight -- Hryvna falls below 25.9
The hryvnia continued to weaken against the US dollar on Monday. Despite the USD's depreciation on global markets, it didn't help the hryvnia. Following North Korean news on recent nuclear missile tests, pressure on emerging market currencies increased. The UAH finished the day at 25.9062 UAH/USD, having depreciated 0.6%. Therefore, stimulus which helped the UAH to appreciate previously have been dismantled; the hryvnia continues to depreciate for a fifth trading session in a row. As of the end of Monday, the UAH sold for 25.59 USD/UAH versus 25.80 to buy in the Ukrainian cash market. The hryvnia's CPI-based real trade-weighted index fell 0.66% to 106.74; in year-on-year terms, it is up 11.09% from 96.08 last year.
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