News of the Bank
Financial news
Bank in MM
•31 july
Rates growth is observed on all kinds of credits at DEPO-market
International foreign exchange market. Today market expected most of all the issue of GDP indexes of the USA for the second quarter of the current year. From the morning USD started decreasing. Some macroeconomic data on the economics condition of European states were the reason for it as well.
•30 july
US dollar reached an all-time high against Euro and Swiss Franc
International foreign exchange market. Today US dollar reached the higher range by now against Euro and Swiss Franc. After yesterday’s leap of American currency market participants were not very active. Currency fluctuated at the range less than 100 points. Index of business activity in Eurozone decreased in July 2008 to -0,21 points, being +0,13 in June. Today’s index became the lowest rate since May 2005.
•28 july
US dollar continues to be in demand at the Ukrainian interbank foreign exchange market
At the Ukrainian interbank foreign exchange market US dollar continues to be in demand among market participants that attests also dynamics of rates that remain invariable second session on the trot. If previously after the NBU interventions US dollar started to go down on the next day, then on Friday and today, USA currency showed only positive dynamics. Trading was opened today at the range of 4, 60/4, 66, and when active trading opened the trade range moved to 4, 62/4, 64 per $1. Further under the influence of moderate demand the US dollar quotations increased and reached 4,63/4,67, where remained unchangeable till the end of trading. On previous day the session was closed at the range 4, 63/4, 70 on Friday.
•25 july
On depositary market stated decrease of local currency interbank credit rates
Today on Ukrainian interbank foreign exchange market bid was conducted with growth tendency due to yesterday’s NBU interventions, which has communicated that on Thursday had purchased more than 200 millions of Euro at stated rate — 7, 3195/€1. Session started today at the level 4, 605/4, 66 per $1, but when active bidding started the rate changed into the range of 4, 61/4, 64, where remained for quite a long time. For 1-1,5 hours till the bid closing the trading band moved to 4,63/4,70, being 4, 615/4, 65 on Thursday.
•24 july
FOREX market overview on Thursday July 24, 2008
At the bid opening in Europe, Euro and Swiss Franc have lowered insignificantly against US dollar but soon European currency began to grow. GBP from the very morning was losing its positions against world currency. At the end “cable” decreased with more than 100 points.
•23 july
US dollar growth against Euro and Swiss Franc
International foreign exchange market. US dollar grew today against Euro and Swiss Franc and decreased against Great Britain Pound. US Dollar grew significantly due to oil sale, its up growth constituted two weeks maximum against Euro. Oil price decreased till USD 126, 5 per 1 barrel. American currency had a strong back up due to yesterday’s declarations of American authorities.
•22 july
Fluctuation of rates on depository market
International foreign exchange market. In the morning the USD currency was traded sluggishly, though at the opening of American session the USD currency started to grow. During the European trading session, strong macroeconomic rates were not published. US dollar was traded at pair Dollar/Euro in narrow corridor — 35-40 points, GBP and Swiss franc grew insignificantly.
•21 july
The decreasing dynamics of USD rate against UAH is maintained on Ukrainian interbank foreign exchange market
The decreasing dynamics of USD rate against UAH is maintained on Ukrainian interbank foreign exchange market, it started from the day of last the NBU intervention operated on 15 July, 2008 when the NBU was purchasing USD at rate of 4, 75/$1.
•18 july
On DEPO-market the crediting rates in local currency have shown the tendency to light growth
On Ukrainian interbank foreign-exchange market the situation almost didn’t change from Thursday. Bidding started at a lower price than yesterday — 4, 60/4, 62. With new currency sellers entry on the market the rate lowered till 4, 60/4, 615. The offer was much higher than demand. Main actors for selling currency are banks with foreign investment capital. The lowest rate level was maintained at UAH 4, 595 — 4, 60 for USD 1. After 12:30 bidding dragged without spirit and USA dollar “grew” till 4, 60/ 4, 6250. Today major part of deals was arranged by market participants at the rate of 4, 60/ 4, 61, when one day before for USD 1 it was operated at the rate 4, 605/ 4, 625. The National Bank of Ukraine didn’t take part in bidding today. The NBU didn’t as well undertake any intervention that’s why the USD rate was maintained at a low level.
•17 july
Main currency pairs were traded within a narrow price range.
International currency market. Main currency pairs were traded within a narrow price range today. During the European trade session US dollar has been dropping in relation to the messages of ECB on the inflation combating. Messages on some big investment funds’ looking for an opportunity to decrease dependence on American dollar have appeared as well.
•16 july
US dollar price moves up after oil futures drop
International foreign exchange market. After a
•15 july
Swiss franc almost equals to US dollar
International foreign exchange market. Euro has reached today its historic maximum against US dollar — 1,6037. British pound has exceeded the level of US $2 per pound, and Swiss franc almost reached the US dollar price level.
•14 july
Pound sterling restarted to move slowly upward
International foreign exchange market. Today trading was not so active as it had been at the end of the last week. At the beginning of the day, the US dollar tried to regain positions lost on Friday.
•11 july
At DEPO-market rates on interbank credits keep decreasing before the weekend.
International foreign exchange market. Exchange rates of the main currency pairs fluctuated before the noon within a narrow price corridor. With the opening of European trading session, the US dollar tried to increase a little against the comments by Jean-Claude Trichet, the Head of the ECB, on economic situation in the EU. Trichet stated that inflation in the Eurozone is still at a level which “leaves much to be desired”. Answering a question about further increasing of ECB’s discount rate, Trichet said that he had nothing to add on the topic.
•10 july
USD started strengthening while European session opening
International foreign exchange market. While European session opening US dollar started to strengthen slowly due to the fact that today within many countries of Europe which economics do not have key influence on economics of European countries, there were published the data on the level of industrial production. One of determining factors of USD increase against main world competitors — oil futures prices decrease at exchanges. The decision of Bank of England on discount rate level drew special attention; however as most of analysts expected, the rate remained at the previous level — in 5%. Bank of England did not make any comments that is why, rate of British pound practically had no reaction to this event.
•9 july
Hryvnia liquidity saturation still present at the DEPO-market
International foreign exchange market. The US dollar corrected its positions today after two days growth. The Euro growth is caused by publication of information on GDP in the Eurozone which increased by 0.7% in the first quarter 2008 against the previous quarter and by 2.1% against the analogical period in last year. Jean-Claude Trichet held today a brief for continuation of ECB’s policy in the direction of rate increase. He said price stability risks in short term perspective are increasing and it is necessary to decrease such risks.
•8 july
US dollar keeps increasing
International foreign exchange market. Today American dollar kept increasing. It showed positive dynamics against all European currency-competitors. Analysts connect this growth with comments relating possible crediting of American companies for recovery of US economy by Ben Bernanke Chairman of FRS.
•7 july
US dollar showed insignificant growth against Euro and Swiss franc
International foreign exchange market. After long holidays in the USA, today dollar showed insignificant growth against Euro and Swiss franc. However US dollar showed the strong growth, more than 120 points against British pound. Such weakening of English currency is connected with “bad” data on the level of industrial production in Great Britain. Industrial production decreased 0,8% in comparison with April and 1,6% in comparison with analogous period of the last year. Analysts expected production decrease just 0,1%. In Germany the same index decrease 2,4%, while waiting decrease 0,4%.
•4 july
At the beginning of next week US dollar will slightly increase its price
International foreign exchange market. Today the main currency pairs fluctuated within narrow range. Bids were performed very flat as markets in the USA were closed due to Independence Day.
•3 july
US dollar is under the pressure at Ukrainian interbank foreign exchange market
International foreign exchange market. Today’s day was successful for US dollar. Euro/dollar pair lost almost 200 points, pound/US dollar — more than 100 points, USD/Swiss franc increased almost 150 points.
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