Category: Currency Currents
- Published: 18 December 2008
- Written by Editor
Consuming Forces Shaking Ukraine, Germany ... and China
You're probably kicking yourself for holding on to those hryvnia for a couple days too many.
If you don’t know what I’m talking about, I’ll tell you: Ukraine’s currency – hryvnia – took a nosedive. In the last two days its value has plunged 17%. And even though Ukraine’s President pledged to support the currency, it fell to an all‐time lows versus the US dollar.