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On the currency market of Ukraine continues the fight for psychologically important mark 45 hryvnia per dollar

On the currency market of Ukraine continues the fight for psychologically important mark 45 hryvnia per dollar
Photo: dollar bill / Yulia Berezovska, NBU Press Center

On Tuesday in the interbank foreign exchange market observed inactive trading in a narrow range of 45.04–45.05 UAH on the ‘bid’.

There are not many willing to take at prices above 45.00 UAH; buyers hope that the situation of last Tuesday will repeat. Then the non-cash dollar set a new historical maximum at the level of 45.095 UAH on the ‘bid’, but after lunch the National Bank conducted a massive intervention and by the evening of Tuesday, October 6, lowered the quotes to 44.80 UAH on the ‘bid’.

For now the National Bank is waiting: there are no willing to cheaply sell off the “thinned” gold and currency reserves.

The euro in the interbank foreign exchange market of Ukraine on Tuesday trades in a narrow range of 50.31–50.40 UAH on the ‘bid’ – approximately at the same level as yesterday. On the international foreign exchange market FOREX, the euro set a new annual minimum – 1.11512 dollars, and at the moment is trying to develop an upward correction.