Financial news

USA stock markets were opened multidirectionally

International foreign exchange market. After holidays celebrated in Western world US dollar started its fall again. In Europe today release of serious economic news was not planned. Representatives of European Central Bank announced that they keep observing situation at foreign exchange markets and ready to take any time appropriate actions to stabilize situation with European currencies rates.

The first news on US economics turned out to be positive for dollar — sales at retail network of the USA increased 1,4% per week. However, against background of weak American economics, US stock markets were opened differently directed. At 16:00 KT there was published index of consumer confidence of the USA, that decreased by the level in 64,5 points — the lowest level for 5 years. Evidently soon such data will not support US dollar. Only negative data on economics of EU countries again can weaken rate of Euro and Swiss franc.

Current technical levels on the main currency pairs:

At Ukrainian interbank foreign exchange market during today bids there is observed situation when growth of hryvnia and dollar during one session returned its positions lost during three previous sessions.

As it was foreseen having saturated market with hryvnia resources its participants interrupted bulk sale of dollars as a result rate fell to the minimal mark since November 1999, having postponed it to "better times". Preserving demand at the same level, currencies offers  decreased today that caused growth of American currency rate by the level 4,980/5,005 by the end of session, with 4,88/4,93 in the morning and 4,86/4,95 on Monday.

Majority of bargains was concluded today by market participants with rate 4,91/4,98, at 4,89/4,92 per $1 a day before.

At DEPO-market special changes during bids were not observed, and interest rates on "short" hryvnia credits keep decreasing due to permanent market saturation by hryvnia liquidity.

"Overnight" credits fluctuate today within 4,0/9,0%, at 6,0/14,0% on Monday. Besides average weighted price of concluded bargains decreased in comparison with yesterday bids 1% more — up to 7,2%. Volumes of concluded bargains constituted UAH 2,19 b, with UAH 3,44 b on Monday.

Credits for the term "from 2 to 7 days" became more expensive today after decrease on Monday, as a result of the reporting date approach. Rates on these credits constitute today 9,0/12,0%, with 7,0/11,0% a day before, that finally gave opportunity to get average weighted price at the level 10,6%, with 9,7% on previous business day.

Credit rates for the term "from 22 to 31 day" fluctuate today within 15,0/17,0%, with 9,0/18,0% a day before.

Comments by KRAMAROVA S.N., Head of Treasury.

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