Anders Aslund in an Atlantic Council essay writes that “financial markets are happy,”

Wednesday, April 10, 2019
Anders Aslund in an Atlantic Council essay writes that “financial markets are happy,”

Anders Aslund in an Atlantic Council essay writes that “financial markets are happy,” pacified by “the freest and fairest election in Ukraine’s history.” He elaborates:The hryvnia strengthened by 3% in relation to the US dollar in the week after the first round of the presidential election. The yield on sovereign Eurobonds has fallen to 7-8%, while it was 9-10% a couple of months ago. The financial market is thin, but it is intelligent and well informed. Why shouldn’t the market respond positively?”

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