Financial news

US dollar evens the score. Foreign exchange market review for 29 August 2007

At Ukrainian interbank foreign exchange market one can observe a further growth of US dollar rate against hryvna which started on Tuesday.

US dollar quotations increased from 5,01/5,02, at the beginning of bid, by 5,025/5,035 by the end of bid. Some market participants offered for sale the rate 5,04/5,05, but actual bargains had not been concluded on this price.

At tomorrow bid a rate deviation from today maximums is possible, its reason can be foreign currency sale for payments to budget, which are to be paid tomorrow at the latest.

The main volume of bargains was concluded today in the range of 5,025/5,03, while 5,008/5,015 per $1 on previous day. NBU did not participate in bid.

At DEPOT-market today bid take place alias.

"Overnight" cost is still in the range of 0,5/1,5% annuals, decreasing by session end by 0,40/0,75%. It was influenced by growth of balances at banks loro accounts on UAH 0,5 bln. n comparison with yesterday by UAH 17,732 bln. Average price on concluded bargains for this term decreased on 0,1%, by 0,9% annuals. The volume of concluded bargains by 16:00 КТ made up UAH 657 mln. against UAH 1609 mln. according to bid results on Tuesday.

"Weekly" resources price goes on growing despite more narrow trade range in comparison with yesterday: today it fluctuates in the range of 2,0/5,0%, while 2,5/9,0% a day before. Average cost of issued credits increased by 4,2% from 3,3%. Bid volume made up by 16:00 КТ  UAH 133,6 mln. while 188,6 млн. a day before.

Bargains for the term "from 22 to 31 days" were concluded by market participants in the range of 6,2/7,0, against yesterday bargains 4,5/6,8%.

Cash market of Tuesday was characterized by US dollar growth.

US dollar rate in Kyiv grew by 5,02/5,022, against Tuesday 5,018/5,019. US dollar cash trade in southeast regions was performed at positions 5,021/5,025; in northeast regions foreign currency was traded 5,023/5,027. In the west American currency was at the position of previous day 5,015/5,018.

Euro cash market was opened very high, but during the day, like yesterday, had preconditions for decrease. In the capital euro rate reduced by the level of 6,84/6,85, in comparison with Tuesday 6,855/6,86. In the west of the country common European currency rate was traded 6,82/6,84. In the east cash euro rate was corrected in the range of 6,845/6,865.