The weakening of the hryvnia continues / Photo from UNIAN
Experts attribute the recent weakening of the hryvnia to a decline in foreign currency injections by nonresidents into domestic government bonds.
Quotations of the hryvnia against the U.S. dollar on Ukraine's interbank forex market have taken a weakening trend for the third day in a row and were set at UAH 24.90/24.93 per U.S. dollar by the close of trading on Wednesday, which was 27 kopiykas down on the closing level of previous trading.
According to dealers of commercial banks, quotations of the hryvnia to the euro were set at UAH 27.26/27.29 per euro, which is 45 kopiykas down on the closing level of previous trading.
Read alsoNBU weakens official forex rate to UAH 24.55 to dollar for Oct 2
The National Bank of Ukraine set the official hryvnia exchange rate for Thursday, October 3, at UAH 24.86 per U.S. dollar and UAH 27.16 per euro.
As UNIAN reported earlier, the Ukrainian hryvnia once again updated its four-year high at UAH 24.08 per dollar on September 27.
Hryvnia quotations have been declining since the beginning of the current week: by 25 kopiykas on Monday and 28 kopiykas on Tuesday. Experts attribute the recent weakening of the hryvnia to a decline in foreign currency injections by nonresidents into domestic government bonds, but yet they say they see no reason for the drastic weakening of the hryvnia as foreign currency earnings from grain exports remain high.