Markets Print edition: 2016-12-28

Ukraine to defend hryvnia with $80 million sale

Published December 28, 2016 Updated December 28, 2016 12:00am

The Ukrainian central bank said it would sell up to $80 million on Tuesday to defend the hryvnia from seasonal swings, adding that it had sufficient tools to smooth excessive fluctuations in the currency. The hryvnia traded at an average of 26.63 to the dollar on Tuesday, according to central bank data, the weakest since mid-September.