Daily Insight -- UAH gradually recovers
The currency auction should have been held by the NBU on Monday to ease the pressure on the hryvnia, to help it recover. On Wednesday, the hryvnia extended gains and strengthened another 0.2% to 27.1092 USD/UAH. At the same time, the Ministry of Finance reported yesterday that public and publicly guaranteed debt of Ukraine rose 0.2% MoM to UAH2.05tn, which restricted the hryvnia's growth to some extent. In the local market, the hryvnia sold for 27.02 USD/UAH versus 27.20 to buy at the Ukrainian cash market. Its CPI-based real trade-weighted index rose 0.33% to 111.44; in year-on-year terms, it is down 0.2% from 111.66 last year.
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