Uzbek soum loses all year-to-date gains against dollar amid renewed pressure.

The Uzbek soum has fallen by more than 2% against the US dollar over nine consecutive trading sessions, wiping out all its gains against the greenback since the start of the year. Economist Mirkomil Kholboev attributes the decline to a possible combination of global dollar strength, debt repayments, exchange rate dynamics and seasonal fluctuations in remittances..