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UkraineCurrencyCrashesToRecordLow
Russia’searlier "default" warning (orthreat) has not just impacted Ukrainian bonds but the currency is crashing. TheHyrvniaisdown a stunning 6.8% today – thebiggestdropsince Feb 2009 – to a recordlow 9.8 totheUSDollar. This crisis is far from over and we would expect capital controls in 3…2…1…