Financial news

USD growth against EUR and GBP

International foreign exchange market. Today American dollar was slowly growing against EUR and GBP. USD fluctuated against CHF within narrow range — 1,0385-1,0450.

Growth of activity in industrial field of Euro zone became slower in May. Index constituted 50,6 points, April value constituted 50,7 points. Analysts forecasted activity decrease to 50,5 points.

In the USA business activity becomes slower as well, but nevertheless index in May is higher than in April: PMI index value increased to 49,6 points from 48,6, when analysts forecasted decrease. Indicator value higher than 50 points shows business activity growth lower than 50 — about decrease.

Technical levels on the main currency pairs at 17:59 КТ:

At Ukrainian inter-bank foreign exchange market USD positions keep weakening without support on behalf of the NBU and insignificant prevailing of offer against demand. The National Bank of Ukraine considered market situation to be balanced and did not enter inter-bank market for interventions performance. At that time USD rate by the end of session decreased today by the level of 4,72/4,74, with 4,745/4,780 after bids closure.

Last month the NBU renews interventions when market rate approached 4,70/$1, however it is not known what it does this week, though while saving current tendencies the level 4,70 will become available during 1-2 sessions.

Majority of bargains was concluded today by market participants within 4,74/4,76, with 4,77/4,79 per $1 at bids on Friday.

At DEPO-market rates on inter-bank credits considerably decreased after the growth during previous session caused by limited offer on reporting date.

"Overnight" rates in UAH decreased today and fluctuate within 14,0/20,0%, in comparison with 18,0/25,0% on Friday, average weighted price on concluded bargains at 17:00 КТ decreased to 17,2%, from 22,1% in accordance with session of Friday. Bargains volume at the same time increased to 2,43 b, with 2,32 b in accordance with bids on Friday.

Rates on credits for the term "from 2 to 7 days" are today within broad range — about 16,5/25,0%, with 23,0/30,0% a day before. Average weighted price on actually performed bargains constituted 18,4%, with 25,9% at bids on May 30. Volumes of concluded bargains decreased to 55 m, from 213 m during previous session.

Rates on credits for the term "from 22 to 31 days" are today within 12,7/19,7%, with 18,0/30,0% at previous bids.

"Overnight" in USD fluctuates in USD within 4,0/6,0% p.a.

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

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