Hryvnia starts this week under pressure

Макроэкономика 25.08.2015 On yesterday's opening to what is now deemed Black Monday, last week's market selloff in Asia launched a global ripple effect into many other equity, commodities, and FX markets. The Russian ruble was severely hit by negative sentiment and tumbled 2.5% to close at 70.89/USD, while the Turkish lira fell 0.8%, the Chinese yuan declined 0.24% and the euro was up by 2.05%. The US dollar index was down 1.76%. As a result, the hryvnia's trade-weighted value rose 0.23%.