Ukraine Currency Crashes To Record Low

Tyler Durden's picture

Russia's earlier "default" warning (or threat) has not just impacted Ukrainian bonds but the currency is crashing. The Hyrvnia is down a stunning 6.8% today - the biggest drop since Feb 2009 - to a record low 9.8 to the US Dollar. This crisis is far from over and we would expect capital controls in 3...2...1...