Ukraine’s forex market continues to be under pressure of political instability in the country this week, despite a number of favorable fundamental external factors.
“As a result, the forex rate of the hryvnia has crossed a line of Hr 26 per U.S. dollar today. Therefore, further political destabilization threatens to wobble the hryvnia rate with the respective negative aftermath for Ukraine’s economy,” the National Bank of Ukraine (NBU) said in a statement on Nov. 15.
