Ukraine's currency plunges as ceasefire fears grow




 
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November 10th, 2014  
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Topic: Ukraine's currency plunges as ceasefire fears grow


By Natalia Zinets and Anton Zverev KIEV/DONETSK Ukraine (Reuters) - Ukraine's currency lost nearly 5 percent of its value on Monday after a weekend that saw the heaviest shelling in a month hit the main rebel stronghold in the east and signs that Moscow had dispatched troops and tanks to reinforce separatists. The prospect that a two-month-old ceasefire could collapse and all-out war return to eastern Ukraine has weighed down the economy and helped drive the currency 12 percent lower since the central bank abandoned an unofficial peg a week ago. ...




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