Financial news

At the international foreign exchange market USD increased against main world currencies

International foreign exchange market. Today's day was successful for market participants that were in long position on USD. USD was increasing against world currencies for the whole day. At 18:00 КТ USD increased against EUR more than 150 points, against pound — 200 points, against SHF — 130 points more.

Industrial production in Great Britain increased in April 0,2% in annual and monthly calculations. Analysts expected growth just 0,1%.

Member of managing Board of European Central Bank, Erkki Liikanen said today that European Central Bank is in "higher state of readiness". "We always take decision during meeting", he said. After such application about inflation risks increase for Euro zone, USD started to grow in price, and European currencies started sharp decrease. Even aggravated indicator of USA trade balance could not prevent USD rate which deficiency reached in April $60.9 b, comparing to $59,9 b in March.

Technical levels on the main currency pairs at 17:45 КТ:

At Ukrainian interbank foreign exchange market today's session was marked by National Bank's renewal of currency interventions that it performed in a week. Today the NBU bought USD with 4,82/$1, as a day before. To the very beginning of interventions there was no confidence that central regulator will buy currency today, as the NBU did not do preliminary announcements as regards possible interventions. It is evidently that such necessity occurred during trade session during which USD fluctuated within narrow range — 4,71/4,75. Besides majority of bargains was concluded today by market participants within 4,725/4,74, in comparison with 4,725/4,735 per $1 on a previous day.

It is clear that today's NBU interventions will affect USD exchange rate increase at Wednesday's bids, but no significant growth is expected as according to some dealers, the NBU bought out from banks only some portion of offered currency.

At DEPO-market, hryvnia resources rates at inter-bank market increased significantly due to gradual reduction of commercial banks' correspondent balance account with the NBU, but currency interventions in the afternoon somewhat improved the situation with liquidity, and towards the end of the day, rates dropped below opening level.

UAH overnight credits started today from the marks of 15,0/23,0% and towards the end of the day decreased to 12,0/16,0%, in comparison with 8,0/15,0% a day earlier. Weighted average price on actually concluded transactions grew at this to 16,7%, from 10,4% a day earlier. Volume of transactions increased to UAH 3,72 bn, from 2,64 bn on Monday.

Rates on credits for a period "from 2 to 7 days" also became more stable. Today they amounted to 14,0/24,0%, with 9,0/20,0% a day earlier. Weighted average price on actually concluded transactions grew to 18% from 15.5% a day earlier. Volumes of conducted transactions increased after their reduction a day earlier and amounted to UAH 228 m, with 27 m yesterday.

Rates on credits for a period "from 22 to 31 days" are today within the limits of 17,0/23,0%, with 15,0/17,0% at previous day's bids.

Comments by S.N.KRAMAROVA, Head of the Treasury of PRAVEX-BANK

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