Crucial to the currency market will be the actions of the NBU, said the expert
The dollar on Monday after remarkable growth in the official exchange rate of the NBU on 5 August, in the interbank currency market of Ukraine trades at 27,83 hryvnia. Such data to the website “Today” was given the head of Department of Analytics GK Forex Club Andrey Shevchishin.
“Today the market will digest the placement of government bonds 4 Aug – the Ministry of Finance raised on the eve of 10 billion hryvnia, with limited demand – and wait for the receipt of liquidity from today’s repayment of government bonds in the amount of 16 billion hryvnia. If even part of this amount will be released to the market, it can dramatically shift the course up. Fearing such a scenario, buyers will try to quickly buy and sellers to hold the currency, which will push up the hryvnia. Crucial actions of the NBU,” – explained the analyst.
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In the words of Shevchishin alarming to market are also news about the fall of grain exports from Ukraine since the beginning of the marketing year 2020/21 36% – as of August 3 overseas shipped 2.5 million tons compared to 3.96 million tons last year.
“Against this background, the hryvnia in the near future is likely to remain under pressure and is able to approach the level of 28 USD per dollar“, – concluded the expert.
We will remind, before the appointment of the new head of the NBU also called “swings” in the currency market. Look for details in the story:
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