Hryvnia up again in real TWI terms

Макроэкономика 04.11.2014 As the hryvnia held steady at 12.95/USD on US$392m in quiet trading during an official holiday in Russia, the ruble declined another 1% on Monday. Following better-than-expected US economic data results, the Euro weakened further as European policymakers saw less resistance to active ECB monetary policy. The hryvnia's real TWI rose further. As business resumes in Russia following the holiday, pressure on both the ruble and UAH is expected to increase.