REUTERS
The hryvnia is expected to become stronger.
The financial market of Ukraine has calmly accepted the outcome of the early parliamentary elections in the country, as their results were expected.
"The reaction of Ukraine's financial markets, including the hryvnia exchange rate, and the dynamics of the value of bonds in the coming days will be restrained for the simple reason that the victory of the Servant of the People Party in the parliamentary elections was predictable. And in fact there were no surprises in the elections to the [Verkhovna] Rada," Mykhailo Fedorov, an analyst at the Univer investment group, told UNIAN.
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According to him, the hryvnia continued to gradually strengthen against the dollar, and the UAH/USD forex rate neared to UAH 25.65 per U.S. dollar in the interbank market on Monday morning.
At the same time, quotations of Ukraine's eurobonds on the Frankfurt Stock Exchange slightly increased in price – by 0.6%, while the yield dropped to 5.61% per annum.
The expert predicts that in the future, the hryvnia exchange rate will continue to strengthen, the yield on Ukraine's state debt will fall, and the cost will rise, both for government bonds and eurobonds, since this is a trend now.
"This trend depends not only on the electoral process. The country's economy has reached macroeconomic stability in past years and, based on this, is recovering now," Fedorov explained.
As UNIAN reported earlier, the Servant of the People Party with 43.13% is holding the lead in snap elections to the Verkhovna Rada, Ukraine's parliament, after 92.97% of the voting protocols have been processed.