You're reading: Reuters: Ukraine hryvnia poised for historic low, no further

Ukraine's hryvnia is poised to revisit its historic low of 9.5-10/$ in the next few months but the central bank is unlikely to let it slip beyond as the country gears up for a presidential election in January. The currency has lost almost 15 percent in the past two months, pressured by a spike in scheduled foreign debt repayments by banks and the government as well as purchases of Russian gas for winter by state energy firm Naftogaz.

Ukraine hryvnia poised for historic low, no further