Financial news

At Ukrainian interbank foreign exchange market situation was flattened a little bit. Foreign exchange market review. 5 October, 2007

At Ukrainian interbank foreign exchange market on the eve of long week-ends in the USA in connection with Columbus day celebration, situation was flattened a little bit.

US rate to hryvna went 5,04/5,06, at first market moved up, staying for some time at the range 5,048/5,055, but soon quotations started to lower, having reached the level 5,039/5,048 per $1. Bids were closed at the level of opening — 5,04/5,06, against 5,053/5,065 a day before.

Majority of bargains was concluded today by market participants at the range 5,045/5,055, in comparison with 5,048/5,053 per $1 at previous bids. NBU did not participate in bids.

At DEPO-market low rates, on interbank credits keep, descending.

Hryvna «overnight» is traded today within 0,2/0,8%. Average weighted rate «overnight» by 16:00 КТ constituted 0,7%, remaining unchangeable since yesterday. Volume of concluded bargains by this time constituted UAH 531 mln., at 846 mln. at bids on Thursday.

Cost of «weekly» resources today fluctuates at the range 0,75/4,4%, in comparison with 1,5/3,4% a day before. Average price on conducted bargains constitutes about 1,6%, having lost in price in comparison with yesterday 1,1%. Bids volume grew by UAH 127 mln., from 119,5 mln. on Thursday.

And credits for the term «from 22 to 31 day» today remained at quite large range — 2,0/7,0%, in spite of this average price longs to lower range and constitutes 2,5-3,1%, and it practically makes no difference from index in 3,3%, fixed a day before.

At international foreign exchange market bids at Asian session are marked by weak activity that is connected with waiting of publication of key report on non-farm pay-rolls in the USA, euro/dollar were traded within 1,4130 — 1,4142.

In the beginning of trade session in Europe US dollar made attempt to grow against main currencies on the background of talks that data on non-farm pay-rolls in the USA will demonstrate recovery. Against euro American currency grew to the range 1,4103, but to the moment of report publication on pay-rolls completely lost gained positions.

Data publication on USA labor-market, having showed the growth of pay-rolls in September on 110,000 on the background of reviewed data for August to 84,000 from earlier announced meaning in — 4,000 provoked American currency growth against all main world currencies.

Euro/dollar reached minimal mark from 21 September on 1,4030, dollar/Swiss frank grew to maximal mark from 20.09 on 1,1855, against yen «American» grew to maximum 23 August on 117,28. Pound lowered by 2,0298 from 2,0383 to publication.

Quick US dollar growth brought it to important support levels in pairs with main currencies. Absence of strong ascending impulse was the reason for that fact that during an hour dollar lost its gained positions. Against euro, dollar reached minimum of the session on 1,4156 and now is traded about 1,4135/45. Against pound  — 2,0418 — and at the moment of review writing US dollar costs 2,0395/0400. Against yen and Swiss franc US dollar remains in growth in accordance with the results of the day.

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