UAH bolstered most likely by authorities' help

Макроэкономика 22.07.2015 The hryvnia traded weaker between 23/USD and 22/USD yesterday and strengthened at the end of the day. While the NBU reportedly did not directly intervene to support the hryvnia, most likely a state bank was encouraged to bolster the market near the end of the trading session. The hryvnia's trade-weighted value gained 2.53% yesterday, one of the strongest daily appreciations in TWI-based terms since mid this June.