Hryvnia continues to trade sideways

Макроэкономика 24.04.2015 The hryvnia rose 0.44% to close at 22.5/USD on thin trading of $170m. Again we underline this was in line with regional, and possibly global, sentiment. The euro gained nearly 1% on new macro data releases (flash PMIs) that showed continued growth momentum most likely resulting from the weakened currency. In Russia, the ruble gained 2.64% on recent data showing that weekly CPI accelerated, underlining concerns about inflation. The hryvnia's trade-weighted index declined 0.63%.