The hryvnia strengthened due to fundamental factors

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The rate of the Ukrainian hryvnia against the dollar on Wednesday at 9.20 Moscow time has grown on 0,91% – to 0,03686 dollar per national currency, despite the pessimistic conclusions of the rating Agency Moody’s on prospects for the Ukrainian economy.
At the request of the Agency, the country’s banking system is the most vulnerable among the CIS countries.
Probably, the growth of the hryvnia is under a fundamental factors, so it can go on, the torque will tend to the level of 0.037 dollar per hryvnia.
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Ivan Marchena,
Analyst
GK Forex Club