News of the Bank
Financial news
Bank in MM
•30 may
Inter-bank credit rates keep increasing at DEPO-market
International foreign exchange market. This morning the US dollar kept increasing but already after 12:00 KT insignificant correction began as regards main European currencies.
•29 may
US dollar increase at the international foreign exchange market
International foreign exchange market. During all this day the US dollar increase has been observed which was not even affected in a negative way by relatively bad statistical data from the USA. Unemployment applications number increased up to 372,000 forms. This index coincided with analysts’ expectations. There are also good news from the USA — confirmation of preliminary estimate of the US GDP growth by 0.9% in the first quarter of the current year in comparison with 2007 analogical period. These news pushed the US dollar towards further growth against European currencies as the probability of recession beginning in the US decreased significantly.
•28 may
Inter-bank credits rates increase at DEPO-market
International foreign exchange market. On Wednesday USD increased against world main currencies basket. During Asian trade session it was decreasing, but after European players coming to the market there started strong USD increase.
•27 may
US dollar increased against European currencies at international foreign exchange market
International foreign exchange market. Today USD was growing against European currencies-competitors. Axel Weber, Member of European Central Bank Board informed today that “ECB has no possibility to decrease interest rate as there is great wish to increase discount interest rate” to fight with inflation, however German and French publication of weak statistics decreases probability of such increase.
•26 may
Trading is not active at the Ukrainian inter-bank foreign exchange market
Trading was not active at the Ukrainian inter-bank foreign exchange market on Monday (in comparison with the previous day), which is caused by limited number of transactions in US dollars, such transactions constituting the major portion of such trading. This is due to day off in the USA commemorating the Memorial day. Insignificant trading activity insured exchange rate fluctuation of euro and Russian rouble against hryvnya within a wider range. Thus, the European currency was traded today within the limits of 7,4070/7,5520, with the majority of transactions having been concluded at the rate of 7,47/7,51. The Russian rouble was today within the range of about 0,1995/0,2055 but the majority of transactions was concluded within the limits of 0,201/0,203.
•23 may
Rates decrease on inter-bank credits is observed at DEPO-market
At the Ukrainian inter-bank foreign exchange market, after the National Bank’s official exchange rate change to the level of 4,85/$1, the US currency strengthened within the range of 4,70/4,80 in which it is traded during all this day. Despite the renewal by the National Bank of exchange interventions at Thursday bids and statements made by its representatives as regards their readiness to buy out US dollars excess from commercial banks, the actual exchange rate at which transactions were concluded during the day was significantly lower than the level of 4,80/$1 at which the NBU buys out the US dollars. During the session operating exchange rate was established within the limit of 4,73/4,77. This was caused by market participants’ uncertainty about interventions carrying out by central regulator against the background of internal disagreement between the Management Board and the Board of the National Bank concerning foundation of hryvnya strengthening.
•22 may
American currency strengthened its positions at Ukrainian inter-bank foreign exchange market
Today at Ukrainian inter-bank foreign exchange market American currency strengthened its positions for about 30 kopecks, having returned lost positions of 5 previous sessions. The reason for such considerable USD increase was UAH official rate strengthening by the National Bank by the level 4,85 from 5,05/$1, that was unchangeable since April 2005. After that the NBU announced its readiness to buy back redundant USD offer at inter-bank market with rate 4,80/$1, then USD rate increased within 4,70/4,80, when since the beginning of the day it decreased by 4,48/4,53 per $1 against 4,54/4,57 while bids opening on Wednesday.
•21 may
Rates on inter-bank credits keep holding maximum marks at DEPO-market
International foreign exchange market. It was not easy day for US dollar that during the whole day was growing against English pound but was decreasing against euro and Swiss franc. Asian session was quiet and American currency rate almost did not change against main world currencies. During European session USD started to decrease against EUR due to release of German business climate index from Ifo Institute. Index increased in May up to 103,5 points from 102,4 points in April. Analysts expected that index constituted 102,0 points. However such unexpected news pushed EUR to sharp increase.
•20 may
UAH keeps positions at Ukrainian inter-bank foreign exchange market
International foreign exchange market. Almost for the whole day US dollar slowly decreased against EUR, Swiss franc and English pound of sterling. In accordance with information given by Reuters, USD decrease started with its sale on behalf of Russian participants of foreign exchange market. Positive data release in German relating wholesale prices supported EUR with 1,1% (monthly calculation).
•19 may
Rates increase on inter-bank credits in UAH
At the Ukrainian inter-bank currency market, the hryvnya has renewed 9 November 1999 high having dropped during the session to the mark of 4,60/4,65 per $1 with 4,67/4,72 (at the opening) and 4,72/4,78 at Friday’s bids.
•15 may
US dollar increase at Ukrainian inter-bank foreign exchange market
International foreign exchange market. Today important macroeconomic indicators on economics of European countries and the USA were published. European currencies waiting for release of data on Gross Domestic Product of Euro Zone and inflation level in this region increased against American dollar.
•14 may
US dollar increases at inter-bank foreign exchange market
Inter-bank foreign exchange market. The first part of the day was characterized by US dollar increase. In accordance with information of National Statistics Bureau of Perfidious Albion, number of applications on unemployment benefit for April in Great Britain increased on 7 200, in spite of analysts’ expectations that numbers of applications will be unchangeable.
•13 may
US dollar increased against all European currencies
International foreign exchange market. Today US dollar was growing confidently during the whole day in respect of all European currencies. Index of consumer prices in Great Britain increased in April, 2008 3% in comparison with analogous period of 2007. This is maximum index of prices increase since March 2007. This index confirmed again high inflation level in Europe.
•12 may
AT DEPO-market there is a clear tendency towards growth of interest rates on inter-bank credits in national currency
International foreign exchange market. During Asian session on Monday the US dollar was growing steadily. With opening of trading areas in Europe , inverse tendency towards decrease began. European currencies began to grow after a statement was made by one of Managing Board members of the ECB that the European Central Bank policy totally complies with set anti-inflation task and does not injure economic growth potential.
•7 may
At the international foreign exchange market descending trend of euro against the US dollar is being observed
International foreign exchange market. During this day, descending trend of euro against the US dollar is being observed. Negative data on Eurozone economy gave support to the dollar. Thus, British industrial production index for March published before the noon, showed decrease by 0,5% with projected decrease by 0,1%. The same index influenced also Great Briatin pound decrease which showed similar dynamics during the day. Next information flow also supported negative dynamics of euro — retail sale in Eurozone decreased in annual calculation by 1,6%. The third report which affected euro announced increased reserved of oil and oil products this week in the USA.
•6 may
No changes at Ukrainian inter-bank market
International foreign exchange market. Today US dollar slightly decreased against EUR. Investors do not want to risk against background of European stock markets decrease. EUR was supported by good data on the activity level in services sector of euro zone issued today. However not very good quarterly accounts of the banks will hardly support EUR soon. Oil at bids reached record price — in USD 120 per barrel.
•5 may
At DEPO-market, offer in national currency remained at high level
Today at the Ukrainian inter-bank foreign exchange market, the US dollar fluctuated within a narrower range than it was on Wednesday, April, 30. Trading session was opened at 4,82/4,8450. In the course of trading, the US dollar offer was rising, while the price was slowly decreasing during all the trading session. The major portion of transactions were concluded today by market participants within the range of 4,81/4,83, with 4,84/4,86 per $1 at bids on April, 30. By the closing of the trading session, the exchange rate decreased to UAH 4,79 per USD 1.
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