NA67
1/12/2017 13:53 EST
For those living in Ukraine today. Does anyone have any idea as to why the Hryvnia has been slipping over the last month? Currently, it is showing on XE Currency as low as 27.35 as of 1/12/2017. That should be about $28.00 on the street....what's up when the USD has slipped over the last week to 101.00 from a high of about $104.00.
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cbm65
1/12/2017 16:28 EST
The National bank has fixed the Hryvnia At 27.00 from the 01/01/17, as I understand it
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kkmail
1/12/2017 19:34 EST
Good question..Couple things, Trump being prez is definitely one correct answer another might be artificial values. After looking at the value of the Chinese Yuan grow, even though there GDP is down, both of those answers seem to be the case...
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NA67
1/12/2017 20:45 EST
Could it partly be concern over possible IMF money going to Ukraine slowing or maybe even stopping??? Last I read IMF is frustrated with Kiev's lack of movement on corruption. Just taking a guess in the dark !!
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hsvgto
1/14/2017 11:25 EST
my 2 cents..if UAH not inversely proportionate to US Dollar like "everyone" else then maybe it's either Trumps lack of genuine interest with sanctioning Russia and/or big currency market movers do not believe in the recent decline of the dollar...theyre banking on a swift reversal....I always look for the non farm payroll number and the FEDS statement about the health of the economy directly after...watch the Dollar move after Yellen's statement...
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NA67
1/14/2017 22:44 EST
Rumor here in the states is that Yellen will be gone shortly after Trump is in the White House. That should pull the markets back for a short period of time.
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