US weakness aids hryvnia

Макроэкономика 03.07.2015 The hryvnia remained at 21/USD on volume of US$137.91m on stable trading over the last few sessions. In our view, the hryvnia was bolstered (via a declining real trade-weighted value) by the weaker-than-expected US macro report of 223,000 new non-farm jobs, which is 10,000 less than market consensus. Moreover, the labour participation rate came in below the previous number. The euro rose 0.25% towards 1.1084 as well as Russia ruble added 0.58% to 55.5179/USD, pushing the UAH's real TWI down 0.17%.