Financial news

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.

In the morning in Germany the data on orders volume in processing sector were published — the index decreased 0,9%.

USD increased by weekly maximum level after yesterday's press-conference of Jean-Claude Trichet, Chairman of European Central Bank. After Trichet's speech the probability that European Central Bank will remain interest rate unchangeable by the end of the year increases 50%.

At present market came to a standstill waiting for the meeting of "Group of Eight" that will take place in Tokyo next week.

At the beginning of the next week bids will probably will be flat and USD will slightly increase its price.

Technical levels on the main currency pairs at 18:07 КТ:

At Ukrainian interbank foreign exchange market one can observe low-active bids, that is stipulated by holidays in the USA due to celebration of Independence Day. Euro and Russian ruble were the most traded currencies, as it usually happens. The fluctuation of euro quotations was performed today within 7,160/7,245, majority of bargains was concluded within 7,18/7,20. And ruble was changed today within 0,1940/0,1975, and majority of bargains was concluded within 0,1947/0,1960.

Bids on US dollars were performed today as well, but with date of settlement July 07. USD rate was fluctuated within 4,55/4,63 per $1, that corresponds to trade range of a previous day.

At DEPO-market the state of affairs did not change before week-ends, in spite of balances decrease in comparison with previous day UAH 1,5 b.

"Overnight" rates in UAH fluctuated today within 2,0/8,0%, with 2,0/10,0% on Thursday. Average weighted price on actually concluded bargains decreased as well and made up today 5,3%, with 6,6% yesterday. Volume of bargains at 17-00 КТ made up UAH 2,91 b with 3,42 b as of the end of Thursday.

Rates for credits for the term "from 2 to 7 days" decreased a bit today but to fix lower than 10% level they did not manage. Their movement today was marked within 9,0/15,0%, with 10,0/17,0% yesterday. Average weighted price on actually concluded bargains decreased to 11,2% form 13,3% a day before. Volume of concluded operations decreased by 106 m from 181 m.

Rates on credits for the term "from 22 to 31 days" are today within 7,0/16,0% in comparison with 16,5/18,5% a previous day.

Comments of S.N. KRAMAROVA, Director of Treasury of PRAVEX-BANK.

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