News of the Bank
Financial news
Bank in MM
•15 september
At the Ukrainian interbank foreign exchange market the US dollar rate growth against UAH is stated
At the Ukrainian interbank foreign exchange market the new week was opened at favourable for US dollar rate which grew against UAH by 1.5-3 kopecks (if to compare to last trading sessions). Market participants consider this growth due to several large purchasers’ activity who are buying out currency necessary for energy resources contracts payment.
•4 september
The situation remains invariable at the DEPO-market
International foreign exchange market. The decision of central banks of Great Britain and the EU on new interest rates levels was the most expected event today. In the first half of the day it became known that house prices in Great Britain decreased in August 2008 by 1.8% if to compare house prices with July. This fall in prices completely justified the expectations of analytics. The Bank of England and ECB left the rate on the previous level, which are 5% and 4.25% accordingly. Expecting these news publication, GBP and EUR were growing. However after the publication of the data, European currencies started decreasing comparing to the US dollar. The participants started waiting for the comments of the head of the ECB about the decision taken by the Central bank. At the press conference Trichet claimed that the economy of the EU remains weak and there exists inflation risks. After that, EUR decreased to the level of 1.4371 USD per EUR.
•3 september
European currency was decreasing against US dollar
International foreign exchange market. The European currency today again decreased against US dollar. USA economics is recovering, but in the Europe continues the decline, that’s the main reason explaining US dollar growth against all European currency. Even macro economical rates are reflecting today the European decline. Volume of retail sales in Euro zone dropped in July to 0.4% in month calculation and to 2.8% in annual calculation. Analytics awaited sale level decrease, but didn’t expect it to take such considerable ranges. As they presumed, sales were expected to drop in annual calculation to 2.1%.
•2 september
The US dollar reached its high against the euro
International currency market. The US dollar today reached its high against the euro for the last 7 months. The extreme growth of the USD was also observed against CHF and GBP. The European producer price index increased by 1.1% per month and 9% per year. The analytics were expecting the growth of the prices by 1.3% and 9.1% accordingly. The extreme drop of GBP is related to the beginning of the recession in Great Britain. The recession is likely to last until the end of the year.
•1 september
UAH interbank credit rates decrease at the DEPO-market
International foreign exchange market. Today trading at the international market was not so active due to US Labour Day. However US currency grew slowly relatively to its competitors’ rates. Most likely, this growth is bound to possible military invasion of USA in Iraq.
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