The devaluation of the hryvnia on the interbank market increases

2016-12-06 14:11:30
Machine translation
The devaluation of the hryvnia on the interbank market increases

the Third auction in a row, the dollar is almost never meets resistance during upward movement. Monday throughout the session demand exceeded supply. Morning quotes accounting period by 25.97/26,01 by 11:00 the dollar jumped to 26.05/of 26.15 UAH.

 

Major exporters were reluctant to sell the currency, waiting for more of course, and not interfere with the speculators to shake him. It became clear that without the intervention of the NBU, the dollar crossed the mark of 26,20.

 

at midday, the regulator announced an auction and plans to sell $ 30 million. It affected players in the market, and the quotations were waiting for the outcome of the auction. At 12:40 was declared the cut-off price – not below to 26.08 UAH/$. The demand was not satisfied, however, large operators have sold off the currency, with the understanding that the future growth rate will not. By 13:00 the supply and demand leveled off and the dollar was fixed at the level to 26.08/of 26.13 UAH.

 

dinner was announced the results of the auction. NBU has sold only 3.3 million $ at the cut-off price below to 26.08 UAH/$, and the applications of banks 14.9 million $. These results did not satisfy the market, so further quotations are not reduced, remaining at the level to 26.08/of 26.13 until the end of the auction.

 

the Uncertainty on the interbank market facilitates speculative activity, allowing you to continue to destabilize the situation.

 

most of the transactions took place within 26,1180-26,1333 UAH/$.

 

Main trends of trading 05.12.16 are:

  • gradual growth of quotations of the morning with the accounting period by 25.97/26,01 to 26.08/of 26.13 the end of the session
  • sale of national Bank 3.3 million $ at the cut-off price below to 26.08 UAH/$ at the applications of banks 14.9 million $,
  • continuing uncertainty regarding the further trend of the currency.