Hryvnia at 12.95/USD, dollar's rally hits plateau

Макроэкономика 08.10.2014 The hryvnia held its routine rate of 12.95/USD yesterday on US$168m in trading. The weighted average rate also landed near 12.97/USD. Over the past three months the US dollar's rally sent global currencies to multi-year lows. This trend is likely has come to an end, hence, pressure on UAH is likely to subside too after the upcoming elections are over.