Financial news

Growth of USD quotations at Ukrainian interbank foreign exchange market

At Ukrainian interbank foreign exchange market, due to day-off in the USA, due to Veterans' Day celebration, bids trade was limited and as usually it can be, main part of bids falls to Euro and Russian ruble.

Bargains with participation of American currency concluded with the date of delivery on 13 November 2007, and their volume was limited. During a day USD quotations grew by 5,04/5,05, from 5,025/5,040 in the morning.

Russian ruble was quoted today by banks within 0,2047/0,2052.  Euro rate during a day decreased by 7,3256/7,3401, from 7,3274/7,3785 most of all because of Euro losses against US dollar at the international market within investors' overcoming of carry trade risk operations.

Tomorrow at the interbank market there is possible considerable deviation from previous direction of USD rate movement against hryvnya that depends on dominated client's interest — purchase/sell currency, accumulated during a day.

At DEPO-market  continuous balances decrease on correspondent accounts of commercial banks and weak activity of interbank foreign exchange market caused inconsiderable rise in price of interbank credits in hryvnas.

Rates on "overnight" credits fluctuate today in the range 0,50/1,75%, at 0,5/1,5% a day before. Main part of bargains was concluded today within 0,75/1,25%, at 0,75/1,0% in the previous day. Average-weighted "overnight" rate by 17:00 КТ constituted 1,3%, having increased on 0,2% in comparison with Friday. Volume of concluded bargains decreased almost in two times in comparison with previous day and constituted UAH 1,48 bln., at 3,15 bln. In accordance with Friday bids.

Credits for the term «from 2 to 7 days» are quoted today by the banks within 1,5/3,0, at 1,5/2,5% previous day. Average price on concluded bargains in accordance with the results of the day constitutes 2,2%, at 1,9% on bids on Friday. Volume of registered bargains decreased a little bit — by 230 m., from 262 m. Previous day.

Price on credits for the term «from 22 to 31 day» has been fluctuated today within 4,6/6,5, that in fact corresponds to Friday trade range in 4,65/7,0%.

At international foreign exchange market Euro during trades keeps weakening, taking into account that getting of considerable levels of resistance and negative attitude of investors учитывая, что достижение значимых уровней сопротивления и негативный настрой on risk operations made «bulls» fix profit, as a result there were made feet lower than 1,4617, and pair reached mark 1,4585. Attempts to return higher than figure met strong resistance on behalf of many accounts, among which Russian players and big American bank took active positions, and Euro/dollar, feeling pressure, overcame purchases in the range 1,4585/80 and, carrying into effect feet below 1,4570, soon turned out to be about 1,4550, where some interest to purchases is observed. Attempt to overcome this level lead pair to the new level, where interest to purchases was marked — 1,4530/20. Having fixed minimum at 1,4529, pair returned to the mark 1,4550. By 17:50 КТ euro/dollar is at the minimum at the range 1,4530/35.

Purchases at the moment are on 1,4600/10  and then on1,4620/25.

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