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. Last Updated: 07/27/2016

Market Ignores Government Dismissal

KIEV -- Ukraine's Central Bank intervened on the foreign exchange market Thursday for the third day in a row, buying dollars at 5.0 hryvnas, unchanged from the previous session, dealers said.

They said the market was steady and ignored President Viktor Yushchenko's decision to sack Yulia Tymoshenko's government amid allegations of corruption.

"Nobody wants to take any risks today. Everybody is waiting to see what will happen. The market was hovering at its usual levels. Quotes were at about 5 hryvnas to the dollar," a dealer said.

Ukraine's thinly traded dollar-denominated sovereign bonds held steady after news of the dismissal. The lightly traded dollar-denominated sovereign debt due in 2013 was unchanged on the day to bid 114.500, with the yield holding at 5.338 percent.