UAH swings back to weaker level

Макроэкономика 19.05.2015 The hryvnia declined 4.07% to 21.75/USD partially on reports of political tensions in the coalition between PM Yatsenyuk and ex-political partner Yulia Tymoshenko, who is attracting media attention on increased natural gas and utility tariffs to portray herself as a defender of middle class Ukrainians forced to pay higher utility bills. These political machinations could foretell weak sector statistics underlying no economic rebound.