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ICU
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Daily Insight -- Hryvnia appreciates

The hryvnia continued to strengthen on Monday for the third consecutive trading day. Correspondent accounts with the NBU falling significantly on Monday morning, along with the key policy rate cut, caused the hryvnia to strengthen by 1% last week and 1.1% more on Monday, reaching 28.2465 UAH/USD. It sold for 28.34 UAH/USD versus 28.41 to buy at the Ukrainian cash market. Its CPI-based real trade-weighted index rose 1.34% to 104.17; in year-on-year terms, it is down 2.8% from 107.17 last year.

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