KYIV, June 4 - The shift in trade tensions between the United States and China into a higher gear was one of the main factors triggering capital flight to safe-haven assets and the selloff of emerging market (EM) assets, and in Ukraine the situation is complicated by increased uncertainty, the NBU said in its macroeconomic survey for May 2019.

"However, deteriorating external financial conditions for emerging markets and increased uncertainty in Ukraine put the hryvnia under depreciation pressure at the end of the month," the NBU said.