The appreciation of the dollar on the interbank market support purchase prices for grain

First active trading on the interbank market after the long weekend showed the uncertainty surrounding the direction of movement of the currency rate.

Analysts and representatives of the national Bank predict a continued strengthening of the hryvnia by government bonds and the receipt of currency, however, the situation on the interbank market does not meet occupany.

From Friday from 23.74/of 23.77 UAH/$ yesterday morning, the dollar rose to 23.84/23,88 UAH$ to 12.00 dropped to 23,75/23,78 UAH$, however, in late trading jumped to the psychological level of 23.97/24,00 UAH$.

the national Bank purchased on the interbank market of 30-50 million $, although the excess of currency was observed, than has provoked a new jump course, which is picked up by speculators and they began to play "on increase".

In the cash market, who nervously react to the situation on the interbank market, with the morning 23,5-23,75/23,85-24,00 at the end of the day, the dollar sales rose to 24.10 UAH/$ and above.

the appreciation of the dollar has supported procurement prices for grains and oilseeds, which increased significantly after the long weekend. The growth of the world prices for these cultures activates the sale by the manufacturers and increase foreign exchange earnings.

for the 2019 international reserves of Ukraine grew by 22% 4.5 billion $ and as of 01.01.2020 were equivalent to 25.3 billion $. According to the NBU, this was achieved thanks to spritelibth the situation on the foreign exchange market, acceleration of economic growth and stable monetary flow. The increase in gold reserves during the year of the elections for President and Parliament, as well as the peak of payments on external debts of the state indicate the strengthening of macro-financial stability in the country.