The NBU intensified foreign currency sales ahead of the IMF mission: dollar reaction

dollar bill / Planet Volumes
Фото: dollar bill / Planet Volumes

On the interbank forex market on Thursday, August 27, the decline in non-cash dollar quotations continued with the active participation of the National Bank, which from the very start of trading sold currency in parallel with exporter-sellers.

At the time of writing, the dollar on the interbank market had fallen to 44.51 UAH on the "bid" position. According to analysts of the "Kurs Ukrainy" portal, the National Bank is rushing to supply importers with currency before the start of the visit of another IMF technical mission, scheduled for tomorrow. It has traditionally been the case that on days when IMF representatives are "guests" in Kyiv, the National Bank does not slow down the dollar rate, which usually leads to its rise.

The euro on the interbank forex market of Ukraine on Thursday is traded in the range of 51.85–51.96 UAH on the "bid" – lower than on Wednesday. On FOREX, the euro fell yesterday to 1.1642 dollars after the publication of good US statistics.

In the capital, price tags for cash dollars have stopped declining and even slightly increased. If on Wednesday afternoon wholesale exchange points in Kyiv sold dollars at 44.69–44.70 UAH, today they are selling at 44.72–44.74 UAH. At the same time, in other cities the dollar continues to cheapen. Thus, in Poltava, Kharkiv and Dnipro today dollars are sold at 44.75 UAH, in Odesa – at 44.76–44.77 UAH, in Mykolaiv – at 44.78 UAH.

Ukrainian banks by 12:30 are selling dollars at prices from 44.69 UAH in some branches of Bank Lviv in right-bank Ukraine to 45.00 UAH in Metbank of Zaporizhzhia. As for the euro, at the moment it can be bought cheapest at 51.95 UAH also in some branches of Bank Lviv.

Oil prices stopped declining and are attempting to go up again, as the situation in the Middle East remains tense. The price of the most popular Brent grade rose today to $87 per barrel and at the time of writing is traded in the range of $86.78–86.91 per barrel.

On crypto exchanges, prices for major cryptocurrencies after a brief correction again rushed upward. Thus, bitcoin (BTC) on the most popular crypto exchange Binance rose to $80520 per coin, and Ethereum (ETH) – to $2566.53 per coin. Currently, bitcoin is being sold at $80220–80240 per coin, and Ethereum – at $2445–2460 per coin.

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