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Eurobonds of Ukraine Reach Monthly High After US Election
Ukrainian dollar eurobonds sharply increased in price after the Democratic Party won the mid-term elections to the US Congress on November 3. Investors expect the change in the political balance in Washington to help maintain Ukraine's US military support. The eurobonds reached a monthly high of over 63 cents per dollar on November 4, up from the previous day's level of more than one cent. This is the highest level of the eurobonds' value in more than a month.