Financial news

At international foreign exchange market US dollar decreased against main world currencies. Foreign exchange market review. 10 October, 2007

At Ukrainian interbank foreign exchange market bids start was "dictated" by market participants' mood, prevailed while closing of session on Tuesday.

Opening of session on Wednesday was fixed at high levels about 5,040/5,055, but in some time trade range was narrowed by 5,045/5,050 per $1. Main part of bids was at this range, but soon there occurred surplus of offer and quotations lowered by 5,01/5,04. Today bids were closed by quotations 5,020/5,050, against 5,035/5,050 previous day.

Main part of today bargains was concluded at the range 5,04/5,05, in comparison with 5,033/5,038 on bids of Tuesday.

NBU did not participate in bids.

At DERO-market insignificant growth of bids activity is marked.

Price of hryvna «overnight» increased a little bit, by 0,35/1,25% from 0,25/1,00% a day before. Average weighted rate «overnight» by 17:00 КТ constituted 0,8%, remaining unchangeable since previous day. Volume of concluded bargains by this time constituted UAH 1,13 bln., at 860 mln. in accordance with bids of Tuesday.

Cost fluctuation of «weekly» resources is marked within 1,0/2,0%, at 1,0/1,8% a day before. Average price on conducted bargains constitutes about 1,8%, that is higher of yesterday meaning on 0,4%. Bids volume constituted just UAH 53 mln., at 145 mln. on Tuesday.

Credits price for the term «from 22 to 31 day» fluctuated today within 5,0/6,0, at 2,0/6,0% a day before.

At international foreign exchange market US dollar decreased against main world currencies and remains under pressure at European bids, as publication on Tuesday of minutes of meeting of Committee on open markets strengthened traders opinions that FRS still can lower rates by the end of current year.  

At the moment ascending movement of pair is restrained by feet, which are higher than technical level which are at 1,4157. Next resistance level is level 1,4190/00. Purchases are at 1,4110/00, and then at 1,4050.

Together with it traders mark that euro growth in the nearest perspective will be limited because of anxiety which is expressed by representatives of European Authorities due to strong euro.   

During a day euro/dollar was traded at the range 1,4092/1,4171, and by the moment of review writing it is traded about 1,4160/65. In pair with pound and American currency is traded about 2,0430/35, lowered to maximal mark on 2,0476.

Comments of KRAMAROVA S.N., Head of Treasury of PRAVEX-BANK