NBU guides hryvnia rate to a stronger side

Макроэкономика 08.05.2015 The NBU reportedly provided some support to bolster the hryvnia yesterday, Interfax reported, as it bid 20.5/USD for the dollar and offered dollars at 22.5/USD. The local market closed at 20.5495/USD, up 2.15% from previous day, according to Bloomberg. In trade-weighted terms, the hryvnia rose 2.20% following the US dollar's rise in response to a labor report showing that unemployment claims, albeit up only slightly last month, still sit at multi-year lows. This news might sway expectations more positively of today's monthly report on nonfarm new jobs, which were quite disappointing last month.