Daily Insight -- Hryvnia rises against the US dollar
At the week began, the hryvnia appreciated against the US dollar. As of Monday, the Ukrainian currency increased 0.2% to 26.0087 USD/UAH, close to last Thursday's result. The UAH is aiming to stabilize near 26 USD/UAH as the US dollar supply exceeds demand. Thus, the hryvnia sold for 26.11 USD/UAH versus 26.34 to buy in the Ukrainian cash market and its CPI-based real trade-weighted index rose 0.46% to 105.88; in year-on-year terms, it is up 10.82% from 95.54 last year. At the same time, in the short-time period (1-2 months) we expect the hryvnia to remain near its current level.
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