Hryvnia Weakens as Ukraine Death Toll Mounts; Stocks Rebound - Bloomberg:
"The hryvnia fell for a second day as the death toll from violence in eastern Ukraine mounted and Russia demanded the nation postpone elections. Stocks reversed losses in Kiev.
The hryvnia weakened 1.4 percent to 11.80 per dollar by 6:30 p.m. in the capital. That takes a slump this year to 30 percent, the steepest among global currencies tracked by Bloomberg. The Ukrainian Equities Index (UX) rose 1.4 percent after earlier sinking 1.6 percent and government bonds climbed as Russian Foreign Minister Sergey Lavrov called for talks to quell the crisis.
Four Ukrainian servicemen died yesterday in fighting that may have killed about 30 rebels, acting Interior Minister Arsen Avakov said on his Facebook account. The nation should delay a presidential vote scheduled for May 25, Lavrov also said today. Pro-Russia separatists are planning to hold a referendum in the Donetsk region on May 11."
'via Blog this'
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