Ukraine’s currency in free fall
By Sober Look
Ukraine’s financial situation continued to unravel today as the currency gave up another 10% – and seems to be in free fall.
The Russian ruble, which has already been under pressure as a result of the central bank policy (see post), has traded to new lows in part due to potential escalation of tensions in the region. The situation remains quite fluid and more volatility is to be expected.
|Source: Investing.com (chart shows the euro appreciating against the ruble)|