Daily Insight -- UAH weakens further
The hryvnia declined another 0.3% to 28.6526 UAH/USD, most likely as a result of the federal holiday in the USA on Monday. While deferred demand for the USD at the local market pushed the hryvnia down, the UAH should stabilize this week as exporters are expected to increase FX supply to some extent as they return from the extended holiday break. In the local market, the hryvnia sold for 28.36 UAH/USD versus 28.55 to buy at the Ukrainian cash market. Its CPI-based real trade-weighted index fell 0.09% to 103.61; in year-on-year terms, it is down 2.5% from 106.20 last year.
ICU IS A FINANCIAL SERVICES GROUP PROVIDING SECURITIES TRADING, INVESTMENT BANKING AND ASSET MANAGEMENT FOR PRIVATE AND INSTITUTIONAL INVESTORS.
More information about ICU you can find at https://www.icu.ua/
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.