Hryvnia declines gradually versus strong US dollar

Макроэкономика 08.12.2014 On Friday, the hryvnia lost 0.72% to close at 15.46/USD and the weighted average rate was down by 0.78%. The Russian ruble rose again following Putin's speech on Thursday in which he vowed to penalize FX speculators, most likely as a result of its central bank intervening. In the US, an above expectations monthly jobs report (which exceeded 321,000 jobs) forced the USD up versus major global currencies. The euro dropped 0.78% and the yen slid 1.40%. Russian central bank efforts could have been wasted as the ruble is likely to be under pressure this week.