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AmiranAzaladze
Jul 29, 2019 2:42 PM

USD UAH short analysis Long

U.S. DOLLAR / UKRAINIAN HRYVNIAICE

Description

The National Bank of Ukraine lowered its benchmark interest rate by 50 bps to 17 percent on July 18th of 2019, surprising markets who expected a 25bps reduction. It was the second rate cut this year, bringing borrowing costs to its lowest since June of 2018 and in line with reaching inflation target of 5%. Now price is 25.40 against USD. pattern wedge, which forecasts next downtrend of Hryvna
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