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Archive » 2007 , 2008
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US dollar kept increasing against European currencies at international foreign exchange market
International foreign exchange market. On Thursday US dollar kept strengthening and increasing against European currencies during the whole European session.
Suddenly decrease of retail trade volumes in Eurozone pushed American currency to increase. In February retail sales decreased 0,5% in comparison with January; though growth 0,2%. was forecasted. Such decrease is connected with very high inflation level in Europe.
Today before publication on Friday in the USA of the main index on unemployment level it is known that during a week number of appeals for unemployment level increased from 370 000 to 407 000. After such data publication US dollar rate strongly decreased against European currencies. Soon there was published data on index of business trends at service industries in the USA. Index increased by the level in 49,6 points, though analysts expected decrease by the level in 48,5. Dollar slightly returned lost positions.
Current technical levels on the main currency pairs:
| EUR/USD | GBP/USD | USD/CHF | |
|---|---|---|---|
| Opposition 3 | 1,578 1 | 2,007 7 | 1,033 1 |
| Opposition 2 | 1,568 5 | 1,998 1 | 1,024 5 |
| Opposition 1 | 1,562 5 | 1,992 6 | 1,018 8 |
| Support 1
| 1,555 5 | 1,985 0 | 1,011 0 |
| Support 2 | 1,549 3 | 1,978 3 | 1,006 8 |
| Support 3 | 1,540 2 | 1,969 1 | 0,997 7 |
At Ukrainian interbank foreign exchange market American currency keep loosing its positions against hryvnia having reached minimum level at the level 4,965/4,975 per $1 during session, while opening about 4,98/5,00. Such considerable rate decrease caused additional interest on behalf of buyers. It led to demand increase, as a result US dollar restored position by the end of the day, and its rate constituted 4,985/5,00 per $1.
In spite of the fact that US dollar rate increased by the end of the day, part of unsold dollars remained at the market. Mainly it is clients' sales with fixed rate limit. It is possible to avoid further US dollar "sale" thanks to sufficient quantity of hryvnia resources at the market and some deficiency of US dollar funds.
Majority of bargains was concluded today by market participants within 4,982/4,988, at 4,98/4,99 per $1 on Wednesday.
Movement at DEPO-market keeps descending, and since the very beginning of the bids their participants "set" into the price the daily decrease of resources cost, however, by the end of the day slight agiotage among buyers of "short money" that will allow rates keeping at the current level at bids that will take place tomorrow.
Rates on "overnight" credits fluctuate today within 6,0/15,0%, at 8,0/20,0% on Wednesday. Average weighted price on concluded bargains by 17:00 КТ decreased by 10,7%, from 15,3% in accordance with results of bids on a previous day. Volume of concluded bargains by this time constituted 2,63 b, at UAH 3,56 b a day before.
Credits for the term "from 2 to 7 days" decrease as well. Prices on these credits fluctuates today within 11,5/14,2% against 9,0/20,0% a day before, besides average price of concluded bargains constituted 12,5%, at 15,8% a day before.
Rates on credits for the term "from 22 to 31 day" fluctuate today about 20,0/25%, at 20/21% p.a. on previous working day.
Comments by KRAMAROVA S.N., head of Treasury of PRAVEX-BANK
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News thrue april
2008
- Gold quotations decreased again
- At DEPO-market inter-bank credit rates have increased
- Quotations decrease of gold futures
- Situation stabilization is being observed at Ukrainian inter-bank foreign exchange market
- Quotations decrease at precious metals market
- At DEPO-market interest rates return to the level of the beginning of the month
- April 24, gold price is expected on the mark $920,00 per ounce
- US dollar value increased against main European currencies
- Tomorrow gold quotations are expected within $918,00-$926,00 per ounce
- Rates on interbank credits keep growing at DEPO-market
- During morning trade session in Asia gold was traded at the level of $920,00-$923,00 per ounce
- Gold futures quotations decreased
- The US dollar strengthened its position at the Ukrainian inter-bank foreign exchange market
- Sharp growth of gold and other precious metals prices
- At DEPO-market, rates are still around their highs as of the previous day
- Quotations decrease at precious metals market
- Rates keep high positions at DEPO-market
- Quotations of gold futures decreased
- At DEPO-market rates keep high positions
- Interbank credits interest rates are on high level at DEPO-market
- Quotations decrease at precious metals market
- Quotations decrease at precious metals market
- Trading has differently oriented character at DEPO-market
- Rates increase on interbank credits is observed at DEPO-market
- Quotations decrease at precious metals market
- Quotations decrease at precious metals market
- At DEPO-market, rates move on interbank credits in national currency has a differently oriented character
- Gold and silver futures price keep increasing
- US dollar increased at Ukrainian interbank foreign exchange market
- Quotations decrease at precious metals market
- Trading was opened in rising tendency at Ukrainian interbank foreign exchange market
- Quotations decrease at precious metals market
- US dollar keeps strengthening at Ukrainian interbank currency market
- Gold and silver futures increase
- US dollar keeps strengthening at international foreign exchange market
- Gold quotations decrease at precious metals market
- US dollar supply and demand is still balanced at Ukrainian interbank foreign exchange market
- Quotations decrease on precious metals market