Financial news

Pair Euro/Dollar reached its next highest mark at international foreign exchange market

International foreign exchange market. Pair euro/dollar reached its maximum — 1,5371, and pound reached its maximum in 2008 — 2,0085. Today in Europe and Great Britain there were meetings of European Central Bank and Bank of England. The market began to fluctuate feverishly since the beginning of bids in Europe — euro and pound were decreased against dollar. As it was expected, in England rate was at the previous level in 5,25%, and in Europe at the level 4%. However in England economists were disturbed by growing inflation pressure and decrease of consumers' confidence, that is why it is expected that in spring discount rate will be decreased. And European Central Bank decreased forecast on gross domestic product growth in Europe in 2008 by the level 1,3-2,1%.

Swiss franc slowly followed euro and pound keeping ascending.

Due to weakness of American macroeconomic indexes analysts highly estimate the probability of discount rate decrease on 75 basis points — by the mark 2,25% of annuals.

Together with opening of American trade session there were published data about decrease of circulation in the USA for employment benefits in a week before 351000 (forecast 360000). In spite of the fact that data were a little bit better than expected one, US dollar became weaker, as investors do not believe in the nearest growth of economics.

Current technical levels on the main currency pairs:

At Ukrainian interbank foreign exchange market ratio of demand on US dollar to its offer at bids on Thursday was less than previous day, due to which, growth of American currency that was observed on Wednesday, was leveled.

Being under impression of closure of yesterday session, quotations while opening today bids constituted 5,048/5,055, and soon there was observed gradual rate decrease by the mark 5,038/5,043. However by the closure of session, as before dollar increased by 5,043/5,052 per $1.

Majority of bargains was concluded today by market participants within 5,045/5,05, at 5,047/5,052 за $1 previous day.

At DEPO-market on Thursday there were no significant changes, however "overnight" rate interrupted its decrease, as two previous day NBU withdrew from circulation more than UAH 1 bn of free means by means of sale of deposit certificates. Insignificant rates growth is possible tomorrow at bids due to intermediate reporting date.

"Overnight" rate today fluctuated at the same range, that a day before — 3,0/7,0%. Average weighted rate on bargains by 17:00 КТ practically did not change, having constituted 4,9% from 4,8% on Wednesday. Volume of concluded bargains constituted 2,75 bn, at 3,81 bn in accordance with bids of the previous day.

Rates on credits for the term "from 2 to 7 days" today during day were decreased, besides fluctuation was performed within quite narrow range between 6,0 and 7,0%, just in the morning there were fixed bargains with higher rates for insignificant rates. Average weighted price on concluded bargains decreased by 6,4% с 7,7% in accordance with results of bids on Wednesday. Volume of concluded bargains today increased again and constituted already 334 m, against 335 m in accordance with bids previous day.

Rates on credits for the term "from 22 to 31 day" fluctuate today at the range 7,0/12,0% in comparison with 7,0/14,0% previous business day.

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