At the end of the week, the hryvnia strengthened 0.4% against the greenback to 26.5380 USD/UAH. The weak US dollar and decreasing banking sector liquidity (see comment on liquidity) fed into the hryvnia's strength. At the same time, upcoming month-end tax payments should increase demand for the hryvnia. On Friday, in the Ukrainian cash market, it sold for 26.63 USD/UAH versus 26.81 to buy. Its CPI-based real trade-weighted index rose 0.04% to 105.13; in year-on-year terms, it is up 1.89% from 103.18 last year.
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