Dollar retreats, but currency market awaits further actions from the National Bank

On Thursday, the interbank currency market is seeing the usual low trading activity in a narrow range of 44.93-44.98 UAH on the bid side at the start of trading.

Despite the fact that yesterday quotations went below the psychological level of 45 UAH, the activity of currency buyers remains quite low. Everyone is waiting for the National Bank to repeat yesterday's trick: around 13:00-14:00 it will conduct a massive intervention and push the non-cash dollar rate even lower.

So far the National Bank is waiting, so there are few deals on the interbank market. As of 11:00 in the Bloomberg trading system, they amount to only 40 million dollars. The euro on Ukraine's interbank currency market is trading in a narrow range of 50.32-50.43 UAH on the bid side on Thursday - about 11 kopecks lower than on Wednesday.

On the international currency market FOREX, the euro is showing high volatility: yesterday after the publication of inflation data in the USA, the euro collapsed to 1.11129 dollars, and tonight it bounced 129 points upwards, rising to 1.12411 dollars. Moreover, it did not look like an ordinary profit-taking. Nevertheless, analysts of the "Kurs Ukrainy" portal believe that in the near future the euro on FOREX may fall even more. Will the euro weaken against the hryvnia in this case? Hardly.