Daily Insight -- Hryvnia below 26.2 USD/UAH
At the end of the week, the hryvna declined below 26.2 USD/UAH; its decline continued from Tuesday. Another liquidity decline in the banking sector and the globally weak USD did not support the hryvnia. Moreover, high demand for foreign currency in the local FX market also pushes the hryvnia lower, the national currency depreciated 0.2% to 26.2244 USD/UAH on Friday. It sold for 26.02 USD/UAH versus 26.23 to buy in the Ukrainian cash market. Its CPI-based real trade-weighted index fell 0.22% to 105.65; in year-on-year terms, it is up 7.61% from 97.61 last year.
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