On the interbank currency market on Thursday, the situation from Wednesday is repeating: balanced trading in a narrow range of 45.34-45.365 UAH on the "bid" side.
Seeing that quotes are no longer declining, buyers have become more active. At 11:00, the volume of transactions in the Bloomberg trading system amounted to 92 million dollars, which is slightly more than yesterday at the same time. According to treasurers, deferred demand for dollars is quite large. And as soon as it becomes obvious to everyone that quotes are not falling further, waiting buyers will come out with bids and may again provoke an increase.
The National Bank is selling little by little, but these are no longer the massive interventions from the very morning that we saw on Monday and last week. Exporters have joined the National Bank, selling foreign currency earnings to accumulate hryvnia for tax payments.
The euro on the interbank currency market of Ukraine on Thursday is also showing stability and is trading in a narrow range of 50.27-50.29 UAH – about 30-35 kopecks lower than yesterday at the same time. On the international currency market FOREX, the EUR/USD cross rate on Thursday morning once again renewed its annual minimum, falling to 1.1066 dollars amid increased expectations of a Fed rate hike at the next meeting.
