Hryvnia Weakens for Fifth Week as Ukraine Bonds Drop on Gas Row
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The hryvnia capped a fifth week of losses and Ukraine’s Eurobonds slid as a row over Russian gas shipments heightened tensions provoked by unrest in the country’s east.
The currency fell to a record low of 13.61 per dollar and traded at 12.71 by 6:04 p.m. in Kiev, for a slump of 8.7 percent this week, according to data compiled by Bloomberg. The yield on dollar bonds maturing in 2023 rose seven basis points to 9.49 percent, extending a five-day jump to 83 basis points.