Daily Insight -- Hryvnia continues to decline
On the last day of the week, the UAH continued to decline for the third consecutive trading session as the NBU provided no support as bank officials explained the decrease as being caused by usual seasonal fluctuations. It fell 0.3% to 28.537 UAH/USD, and down 1.2% week over week. Liquidity in the banking system fell, with no effect on the exchange rate, as hryvna sold for 28.27 UAH/USD versus 28.52 to buy at the Ukrainian cash market. Its CPI-based real trade-weighted index fell 0.96% to 104.06; in year-on-year terms, it is down 2.66% from 106.9 last year.
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