Tariff war 'tears apart' global economy: will there be a dollar collapse and a new euro surge
At the beginning of the week, the factor of the end of the month and the first quarter worked, which provoked quite high activity of almost all clients on Monday, March 31. They closed the remaining agreements on the reporting date and tried to do it promptly. That is why almost all the main part of client agreements on the interbank on Monday took place in the first half of the day. And after lunch, the transactions were concluded mostly by the banks themselves on their own currency position in order to fix the result of currency trading on the 1st.
China hits back: imposing additional 34% tariff on US imports
The United States has announced “retaliatory tariffs” on Chinese goods entering the American market. Beijing has called the action a violation of global trade norms, accusing Washington of encroaching on China's legitimate rights and has imposed additional duties on American goods.
Dollar suffers biggest one-day drop in two years
On April 3, the US dollar index fell sharply by 2%, falling to 102 – its deepest daily drop in more than two years and the lowest in six months.
JPMorgan Raises Chances of Global Recession to 60%
The risk of a recession in the US and the world this year has risen from 40% to 60% after US President Donald Trump introduced massive trade tariffs.
Trump's New Tariffs: How They Will Hit Ukraine
On April 2, US President Donald Trump issued an executive order introducing a basic customs tariff of 10% on all imports from all countries to the US, and introduced increased individual reverse tariffs against several dozen countries with which the US has the largest trade deficit, but they will not hit Ukraine too hard.
NBU lifts UAH 150,000 per month limit for p2p transfers
The National Bank has decided not to extend the regulatory restrictions of UAH 150,000 per month for initial transfers (also known as P2P, C2C) across all accounts of individual clients opened in one bank to accounts of other individuals.
Ukraine received another 3.5 billion euros from the EU
Ukraine received another 3.5 billion euros from the European Union under the Ukraine Facility program.
In the last quarter of 2024, the Ukrainian economy “went” into the negative. GDP growth for the year slowed to 2.9%
Last year, Ukraine's real GDP growth slowed to 2.9% compared to 5.5% in 2023, and by the end of 2024, the economy showed negative dynamics. During the year, economic recovery lost momentum. In the first quarter of 2024, GDP added 6.8% compared to the same period of the previous year, but in the second quarter the rate slowed to 4%, in the third – to 2.2%. The fourth quarter ended with a decline of 0.1%, which was the first negative indicator for the year.