Daily Insight -- NBU supports hryvnia
On the last day of the week, the hryvnia recovered losses from the previous day. The NBU sold UAH29.1m in FX to level demand, pushing the currency up 0.4% to 27.0546 USD/UAH on Friday. However, for the week as a whole, the hryvnia dropped 0.5% and exceeded 27/USD. It sold for 26.91 USD/UAH versus 27.07 to buy at the Ukrainian cash market. Its CPI-based real trade-weighted index rose 0.34% to 111.23; in year-on-year terms, it is down 2.39% from 113.95 last year.
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