UAH inches higher

Макроэкономика 16.02.2015 On Friday, the UAH closed at 26.10/USD on US$207m in trading, penetrating its trending low of 25/USD. He hryvnia's real trade-weighted value rose 1.41% mainly due to increase in the hryvnia's exchange market rate. At the same time ruble staged a near 3% recovery after the Minsk 2 agreement, which is viewed favorably by market participants in regard to Russian assets. While the markets appear to believe that the Minsk 2 ceasefire will hold, the reality of this agreement could be trickier.