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ICU: Daily Insight-UAH in a slow slide

Name: 04/11/2015. ICU: ICU: Daily Insight-UAH in a slow slide
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

04/11/2015 | ICU

The NBU yesterday did not hold its routine daily auction of the FX, a practice over the past nearly two months, possibly because of a reluctance to sell FX to market participants. In the OTC market, the FX rate of UAH versus USD inched down another 0.02% to close at 23.0194 on US$213.7m in trading. In trade-weighted terms, the hryvnia was only slightly affected as the key currencies in its basket--namely the EUR and RUB--moved in directions that offset each other's impact on the UAH's TWI.

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