Monthly household purchases of FX subdued, sign of currency run losing steam

Макроэкономика 09.04.2015 Although NBU data on monthly FX market operations in aggregate terms showed that the interbank FX market has been as active recently as it has been over the prior few months, household demand for FX hovered around a few hundred dollars, a long-term low. While the devaluation in February had such a profoundly negative impact on both businesses and households that authorities imposed FX tight controls to stabilize FX, even this action is prone to the risk of further destabilization by the Russian army.