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02/01/2018. ICU: Daily Insight -- UAH rally

The hryvnia appreciated another 0.6% to 27.8435 UAH/USD following the NBU's key policy rate increase last week. Traders who expected the hryvnia to weaken were forced to sell foreign currency, increase the FX supply and support the local currency. In the local market, it sold for 27.82 UAH/USD versus 27.99 to buy at the Ukrainian cash market. Its CPI-based real trade-weighted index rose 0.33% to 105.41; in year-on-year terms, it is down 1.47% from 106.98 last year. 

further details: ICUDailyInsight-20180201-Eng.pdf (487 Kb)
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