“Firstly, we “import European inflation”, because our imports lion’s share comes from the EU, and there are European goods. More expensive from them, accordingly, more expensive from us. Secondly, this data affects the ECB’s decision and consequently the EURUSD. As prices are accelerating, the ECB will not lower the rate, and accordingly, the euro is growing against the dollar. And since the NBU mainly now holds the euro against the hryvnia, the growth of the euro in the world will restrain the growth of the dollar against the hryvnia. Thirdly, refugees in European countries spend more and guest workers transfer less to Ukraine,” financial analyst Andriy Shevchyshyn wrote in his Telegram channel.
Earlier Logos Press reported that inflation in the EU in May 2026 reached a maximum of 33 months – 3.2% per annum (against 3% in April).
