Daily Insight -- The UAH strengthens 0.4% against the greenback
At the beginning of the week, the hryvnia strengthened 0.4% to 26.8503 USD/UAH after falling for four consecutive trading sessions, most likely because of the start of exporters' preparing for third quarter tax payments (which will begin next week). At the same time, the liquidity level remains near this year's low (see comment on liquidity). On Monday, in the Ukrainian cash market, the hryvnia sold for 26.81 USD/UAH versus 26.95 to buy. Its CPI-based real trade-weighted index rose 0.19% to 105.58; in year-on-year terms, it is down 2.6% from 108.32 last year.
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