ICU - Daily Insight -- Hryvnia below 28.7/USD

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ICU

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Daily Insight -- Hryvnia below 28.7/USD

The hryvnia continued to decline against the US dollar on Thursday after a brief stabilization on Wednesday. While demand for foreign currency again prevailed in the local market, liquidity decreased by UAH1bn. Future external debt repayments and a negative trade balance are hitting the hryvnia in the absence of support from the IMF.

Accordingly, the hryvnia decreased by 0.4% to 28.7775 UAH/USD. It sold for 28.48 UAH/USD versus 28.68 to buy at the Ukrainian cash market. Its CPI-based real trade-weighted index declined 0.74% to 102.85; in year-on-year terms, it is down 2.71% from 105.71 last year.

19/01/2018 6 EN

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ICU

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Daily Insight -- Hryvnia below 28.7/USD

Weekly Insight -- NBU reserves surge 10% in April

Weekly Insight -- C/A improves on budgetary grants in March

Weekly Insight -- Investors reject MoF's offer on VRI

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