The demand for the dollar has grown on the interbank market, the hryvnia is falling

The demand for the dollar has grown in the Ukrainian interbank foreign exchange market, which has led to an increase in the quotations of the American currency. According to Finance.ua, as of 13:25, quotes reached the level of 27 hryvnia, 75-78 kopecks, which is 4 kopecks more than the opening level of trading. The National Bank of Ukraine did not have time to reflect this trend change and set the noon reference rate at 27 hryvnia 69 kopecks per dollar, which is one kopeck more than the official rate on August 3.

“Closer to lunchtime, foreigners“ lit up ”at the auction with the purchase of currency. This quickly allowed speculators on the low-volume market to play “bullish”, – note the experts of the Ministry of Finance website. The national currency was in a wide corridor of 26.5-27 hryvnia per dollar for more than two months – from late April to early July.

On July 1, the statement of ex-NBU head Yakov Smoliy about his resignation through political pressure on him caused an increase in quotations to 27 hryvnia 20 kopecks per dollar and even higher. After Kirill Shevchenko was appointed chairman of the NBU, the devaluation of the national currency accelerated. Over the course of several sessions in the third decade of July, the regulator showed market participants new benchmarks – the NBU sold more than $ 300 million at a rate slightly lower than UAH 28 per dollar.

The interbank market finds the bottom parameter of the new corridor mainly without the active participation of the National Bank.

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