Hryvnia Sinks With Ukrainian Bonds as Violence Sparks Warnings
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The hryvnia weakened the most in the world as Ukrainian bonds and stocks sank on mounting concern that an insurgency in the country’s east is worsening.
The currency dropped 6.2 percent to an all-time-low 15.84 per dollar by 3:30 p.m. in Kiev, down 18 percent since the central bank loosened its management of the exchange rate a week ago. The Ukrainian Equities Index slid 6.4 percent, the most among 93 global gauges tracked by Bloomberg. The yield on the sovereign’s benchmark Eurobonds approached record highs.