Investing in Currencies

KYIV - Ukraine's national currency, the hryvnia, has weakened to a new low against the dollar, with the latest figures showing a rate of 36.43 UAH/$ on Thursday. This decline follows a period of managed flexibility initiated by the National Bank of Ukraine (NBU) starting October 3, aimed at allowing greater exchange rate fluctuations.The NBU's policy shift is part of a strategy to progressively liberalize the currency market. By permitting increased volatility, the central bank intends to enhance the economy's resilience to external and internal shocks while considering overall macroeconomic...

NEW YORK - The currency pair experienced a slight recovery today, halting its six-day downward trend amid a broader sell-off of the and increased buying interest in the Japanese yen. The pair had reached a multi-week low since November 14 but found some support in the mid-1.0700s. This rebound comes despite expectations that weaker equity markets may limit the US dollar's losses and cap gains for the euro.The market's anticipation of a potential shift in the European Central Bank's (ECB) monetary policy influenced the euro's movement. Comments made on Tuesday...