Daily Insight -- Hryvnia hits year's high
The US dollar slightly rebounded against other major currencies at the start of the week amid improved risk as tensions between Washington and Pyongyang eased after a high US official said the diplomatic solution is a priority. In addition, with no US macroeconomic data releases scheduled for Monday, geopolitics mainly influenced investors' decisions. After Friday's plunge of 0.4% due to disappointing US inflation data (growth of 1.7% YoY in July versus the forecast of 1.8% YoY), the DXY index rose 0.4% to 93.41 on Monday, while through the day it was 93.05 - 93.49.
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