Financial news

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. 

GBP also gained strong position after the publication of last sitting minute of the Bank of England. The decision of the sitting was ambiguous. Seven of nine persons sitting gave their consent to leave the interest rate at the same level of 5%.  

Technical levels on basic foreign currency pairs by 17: 09 KT:

On Thursday, 24 July following macroeconomic data could have major influence on world currency exchange rates (Kyiv time):

10:30 — Germany — Index of business activity for production sphere;

11:00 -Germany— Indicators of business environment state; Indicator of waiting;

11:00 — ЕU — Settlement account of Euro zone payment balance;

15:30 — USA — Change of application number for unemployment compensation;

17:00 — USA — Sale volume of dwelling units on secondary market;

17:35 — USA — Data on crude oil and petroleum products stocks.

On Ukrainian interbank foreign exchange market today's bid went without the NBU participation, which communicated, that repurchased on interbank market the surplus of Euro on stated exchange rate on Tuesday-UAH 7,3739 /€1 (in the amount about 200 millions of Euro).

Probably these interventions have provided the needed insignificant support to US dollar. Today for the first time during last session its rate growth is remarked.  Bid opening today was fixed at the index 4, 59/4, 63 per $1, afterwards the rate decreased to 4,585/4, 60. Further quotations leaped till the level of 4,605/4,625. On Wednesday bid was closed at the index 4, 59/4, 62, being 4, 58/4,605 per $1 day before.

Major part of deals was arranged today by market participants at the rate of 4, 60/4, 61, in comparison with 4, 59-4,595 per $1 day before.

On depositary market movement of rates is characterized as multidirectional and depends on crediting terms. 

In such a way, "overnight" rates show a light decrease if compare to yesterday's day, because the NBU interventions has supported the additional Hryvnia liquidity inflow. Average weighted price has decreased to 3, 7-3, 8%, from 3, 9% on Tuesday's session results. Volume of transactions by 17:00 КТ amounted to 2, 56 billions, in comparison with 3, 82 billions on previous day's session results. Crediting rates "from 2 till 7 days" today, on the other hand, demonstrate up growth.  Its movement is marked in range 5, 0/12, 0%, being 2, 4/13, 0% day before. Average weighted price on actual arranged deals grew up to 8, 9%, from 6, 5% yesterday. Volume of granted credits decreased more than in 2, 5 times — from 303 millions yesterday to 130 millions.

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