UAH: Over-regulation matters

Макроэкономика 13.01.2015 Despite the surprising decline in FX reserves and higher-than-expected inflation report, the hryvnia slid only 0.04% on US$101m in trading as the result of NBU support. The US dollar index's 0.05% increase had a negative impact yesterday, causing the hryvnia's real trade weighted value to appreciate by 0.67%.