New record: forecast of the dollar for a week

In Ukraine, despite concerns that “bezviz” will lead to increased demand for foreign currency, the dollar continued its decline on all segments of the foreign exchange market. So, in a week the official rate of the dollar declined from 26.27 to 26,12 hryvnia, or 0.6%. Senior analyst “Alpari” Vadim Iosub predicts that the hryvnia this week will grow to 25.9-26,0 UAH, cash dollar in banks will be quoted about 25,6/26,0 hryvnia.If the forecast is realized, this will be a record high exchange rate of hryvnia in 2017.

“Not realized and the fears of certain alarmists that the devaluation of the hryvnia will lead successive steps of the NBU to liberalize the foreign exchange market. Reality shows that the supply of foreign currency steadily exceeded demand. This is evidenced by regular auctions for the purchase of foreign currency, which the NBU is forced to enter the market. Last week about his desire to purchase $ 50 million. The national Bank said on Tuesday and Wednesday. The auction for the same amount, the NBU announced on the first day of a new week. It is worth mentioning that no such auctions for the replenishment of foreign exchange reserves, foreign currency would be worth even less,” – said Vadim Iosub.

Since the beginning of year the dollar exchange rate in Ukraine decreased from 27 to 26.2 USD. The main reason for the strengthening of the Ukrainian currency, the head of the analytical Department of Concorde Capital Oleksandr Parashchiy, – high earnings from agricultural products. In addition, agricultural companies plant in the country revenues in order to carry out the sowing.

In addition, political instability in the United States because of the constant scandals surrounding the new President of Donald trump and weak macroeconomic data in the United States led to gradual downfall of the American currency.