The regulator may already be ready to weakening of the hryvnia
The dollar on Monday after remarkable growth in the official exchange rate of the NBU on 20 July on the interbank currency market of Ukraine trades at 27,52 hryvnia to the dollar. Such data to the website “Today” was given the head of Department of Analytics GK Forex Club Andrey Shevchishin.
“The market continues to win back the appointment of a new head of the NBU and the increased inflation and devaluation expectations. In turn, the inaction of the regulator, which was not released in the end of last week with the intervention, talking about the weakening of the hryvnia. Pressure as non-residents and speculators,” explained Shevchishin.
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According to him, now the market is waiting for the release of the national Bank to determine the new boundaries of the trading range.
“And if in the interval of 27.5 hryvnias to the dollar, the NBU will not work with the sale currency, the market can fail and go to 28 hryvnia for one dollar. The foreign exchange market is also awaiting future placement of t-bills, watching the news on coronavirus and global trends. Probably in the near future the hryvnia will test the strength level of 27.5 hryvnias to the dollar, and without the support of the Bank may shift to a higher trading horizon”, – predicts specialist.
We will remind, earlier “Today” figured out, do you expect the collapse of the hryvnia. In General, analysts predict a chaotic week in the currency market.
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