Dollar consolidates above psychological level on interbank market

On Wednesday, on the interbank foreign exchange market, the usual early-session thin trading is observed in a narrow range of 45.05-45.087 UAH on the 'bid' side. Just like yesterday, there are few willing to buy at prices above 45.00 UAH.

Despite everything, buyers continue to hope that the National Bank will sooner or later play for a decline again: it will carry out a massive intervention and bring the cashless dollar exchange rate below the psychological level of 45.00 UAH. However, the longer the interbank quotes remain above the 45.00 mark, the less hope there is for this.

Meanwhile, the National Bank is biding its time: they are unwilling to cheaply sell off their 'thinner' gold and foreign exchange reserves at 9 Instytutska Street.

The euro on Ukraine's interbank foreign exchange market on Wednesday is trading in a narrow range of 50.44-50.52 UAH on the 'bid' side - about 11-13 kopecks higher than on Tuesday. On the international FOREX market, the euro is trying to develop an upward correction and has already risen above the 1.1200 mark. However, according to analysts, one should not expect the euro to grow significantly right now. What we are seeing is just a minor technical correction.