14.08.2014 - Struggling Ukrainian Currency Left With ‘No Anchor’ Amid Insurgency
Ukraine’s currency is sinking as the country’s economy wilts under the weight of the pro-Russian insurgency in its east. There’s little to suggest that’s going to change any time soon. The Ukrainian hryvnia hit a record low on Tuesday at more than 13 to the dollar, as investors worried that Moscow’s humanitarian convoy to Ukraine’s east may presage a Russian invasion. The currency rebounded modestly on Wednesday, according to Ukraine’s interbank trading monitor...............................................Full Article: Source
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