Financial news

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).

Manufactures' price index in the USA increased in April 0,2% against previous month, basic index increased 0,4%. After news release American high-gravity oil futures reached new maximum level $127,83 per barrel. Analysts consider today's release of manufactures' price index to be not very favourable indicator of American economics condition. Nevertheless there is nothing positive for American customer to wait for.

Technical levels on the main currency pairs at 17:43 КТ:

At Ukrainian inter-bank foreign exchange market UAH keeps positions won at the previous session in American competitor on the news about possible reconsideration by the National Bank for the next few days of rate range within which UAH rate will move against USD, including official as well as continuing liquidity crisis at inter-bank credits market.

Bids started today from 4,64/4,70 per American currency but soon rate decreased by the level 4,62/4,65. However by closure of session USD rate inconsiderably increased and constituted 4,64/4,67.

Majority of bargains was concluded today by market participants within 4,630/4,645, with 4,65/4,70 per $1 a day before.

UAH liquidity crisis keeps at DEPO-market, being aggravated today by offer shortage because of interim reporting date, as well as expiration of due date of budget payments caused stronger growth of credit rates as well as currency one.

Thus "overnight" against UAH fluctuated today within 22,0/35,0%, with 18/30% a previous day. Besides average weighted price on concluded bargains at 17:00 КТ increased up to 26,5% p.a., from 21,5% on Monday. Volume of bargains decreased by 1,64 b, from 3,47 b at the same time on Monday.

Rates for credits for the term "from 2 to 7 days" fluctuate today within 22,3/30,4% against 22,0/30,0% yesterday. Average weighted price on actually performed bargains increased just to 26,9%, from 26,0% on Monday. Volumes of concluded bargains decreased today and constituted 74 m, with 267 m yesterday.

Rates for credits for the term "from 22 to 31 days" today are at the level 20,7/22,0%, with 17,5/30,0% on bids during previous day.

Rates on inter-bank credits in USD for the term "overnight" increased today up to 3,5/6,5%, from 2,5/5,0% yesterday. EUR for the same term quotes with 4,0/6,0% p.a.

Comments by KRAMAROVA S.N., Head of Treasury.

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