UAH swings back below 21/USD, TWI up 0.77%

Макроэкономика 06.05.2015 The first day of relaxed USD/UAH trading between two holiday weekends (1-4 May and 9-11 May) was predictably calm yesterday with US$157m in volume, nearly 20% below the daily average volume over the past week. While the rate according to the NBU changed little from 21.1/USD yesterday since the last session on 30 April, Bloomberg reported that it rose 1.65%. Moreover, the hryvnia's trade-weighted index rose 0.77% yesterday while the euro and Russian ruble, up 3.10% and 0.35%, respectively, dragged it down as both currencies gained versus the dollar on strength in both crude oil and current macro data in the Eurozone.