The hryvnia on the interbank market has strengthened, but soon the trend may change

2020-06-04 12:01:37
Machine translation
The hryvnia on the interbank market has strengthened, but soon the trend may change

This week, the hryvnia on the interbank market rose from 26.9/26,93 UAH/$ of 26.72/26,74 UAH/$, thanks to the increase in supply of currency. However, analysts believe that further rate stabiliziruemost at 27 UAH/$, because foreign exchange earnings from the sale of metal and agricultural products decrease, while imports will continue to grow. Sales of government bonds after a decline in yield up to 10% declined as investors are reluctant to invest in "long" papers.

 

At auction on 2 June, the Ministry of Finance placed UAH government bonds with a maturity of 2.5 and 11 months and the weighted average rate of return of 9.84-10,89% in the amount of 2,945 billion, which is nearly three times the rate of the auction on 26 may, where traders were able to sell only on 1,036 billion.

 

net investment currency on the interbank market gradually reduced, and the national Bank buys less surplus currency. Actively buy the currency started the non-residents who derive profit abroad, and importers of petroleum products who are trying to buy a maximum of products on the background of gradual growth of world prices.

 

According to the Ministry of Finance of Ukraine, the deficit of the General Fund budget in January-may this year amounted to 52.2 billion UAH, which corresponds to the planned indicators. In may, the plan proceeds in the General Fund budget for the first time this year performed at 100% because it was received 63.9 billion UAH. A loan from the IMF to stabilize the financial system, so the rocking of the course, the experts do not predict.

 

the Shortage of the hryvnia against the background of low solvency of the population and businesses support the national currency both the interbank and the cash market. However, it is clear that the dollar is approaching the lowest level possible.

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