The NBU supported the dollar on the interbank market

2018-03-14 12:04:51
Machine translation
The NBU supported the dollar on the interbank market

Yesterday the participants of the interbank foreign exchange market expected further strengthening of the hryvnia to the level of 25.8 UAH/$. The prerequisite for this was a large volume of mandatory sales of foreign currency accumulated during 8-9 and March 12, in conducting a Ministry of Finance auction bonds. However, contrary to expectations, the dollar went up.

 

In early trading, the Bank announced an auction to repurchase $ 100 million at the rate of clipping 25,93 UAH/$ provided until 10:30 three concurrent filings of the banks. Of the proposed Bank 114,8 million$, the NBU bought 74,9 million $, what, in fact, saved the dollar from falling.

 

Traders realized that the national Bank will not allow the dollar to fall below the level of 25.9 UAH/$ and started to swing the course, so at the end of trading the dollar rose to 25.94/25,98 UAH/$.

 

the trading Volume had reached an unusual level 419,18 million $ at the weighted average exchange 25,9159 UAH/$.

 

the dollar during today's trading will depend on future actions by the NBU, as the supply of currency will be significant.