The hryvnia extended losses on Thursday, having dropped 0.8% to 26.8614 USD/UAH following the US Thanksgiving holiday. The hryvnia was negatively affected by a significant increase in liquidity of UAH9.87bn on Tuesday, while on Wednesday liquidity rose insignificantly (see comment on liquidity). Demand for USD rose on the local market. On Thursday, in the local market the hryvnia sold for 26.58 USD/UAH versus 26.77 to buy at the Ukrainian cash market. Its CPI-based real trade-weighted index fell 0.63% to 104.69; in year-on-year terms, it is down 7.2% from 112.81 last year.
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