The dollar and the euro are growing because of speculators and the coronavirus



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On November 18, the non-monetary dollar rose in price by 8 kopecks and the interbank market closed in the range of UAH 28.20-28.22 / $. The ticket offices also increased their prices, but quite a lot, by 3 kopecks. After that, the average cash rates reached the following indicators:

• 28.35-28.48 UAH / $ – on sale;
• 27.95-28.10 UAH / $ – for purchase.

But we must not forget that cash price tags were and still are significantly higher than those that are not. Many consider them too expensive. This is explained by the uncertainty of the bankers about the future in the exchange market.

Financiers try to play it safe in any case, so they charge people for the currency more than its true value.

The International Bank continues to amaze not only ordinary people, but also professional treasurers for the second day in a row. Everyone was expecting big sales of foreign exchange against taxes, for which tomorrow November 19 is the last pay day. And the opposite happens: the dollar rises in price. Not very strong, but nonetheless.

This is due to the growth in trading volumes: from $ 108 million yesterday to $ 132 million.

“This rise in the price of the currency is not indicative, as the volume of transactions remains low. Although the fall of the hryvnia is quite logical: since the exchange rate has not been actively declining, it should rebound to the upside. the lower edge at 28.1 UAH / $, “he said. For the country “, head of the analysis department of the Forex Club Group Andrey Shevchishin.

However, since the morning, many in the interbank market believed in the cheap currency. Cashless trading started with an increase in currency sales and a decline in quotes to UAH 28.1050-28.11 / $. This was followed by a correction of UAH 28.12-28.13 / $, and many trades were concluded in this range.

The rise in the price of the dollar came after the afternoon speculators shook the interbank market to 28.14-28.1450 UAH / $. And then big buyers of currency came out.

Sources of “Strana” named two of them: “Alfa-Bank” and Sberbank.

Yesterday, according to treasurers’ estimates, Alfa-Bank bought $ 35 million and today again, together with a colleague, came out with a large purchase of foreign exchange. Financiers have already wondered for whom this dollar is bought. After all, until now, these structures were not considered serious market makers in either the foreign exchange market or the related market for domestic government bonds.

The treasurers had two versions:

• first: banks bought dollars to buy government bonds in foreign currency and made this purchase for clients, companies that provide services;
• second: banks buy dollars for clients who withdraw dividends.

At the same time, treasurers were surprised by modest foreign exchange sales at the peak of the fiscal season.

“The tests of the interbank market showed that the business was in the hryvnia. Not in the dollar. Therefore, we did not see record sales of foreign currency with quarterly taxes, which many are used to. And, apparently, we will not see it anymore. “commented financial analyst Vasyl Nevmerzhitsky about the situation to” Strana “. …

The usual market sales (without taxes) in the market occur in modest volumes, which experts explain by general negative sentiments.

“The news in the market is not happy at all. First, the number of coronavirus infections shows simply horrendous growth, which no quarantine is slowing down. Second, there was information that China wants to demand $ 3.5 billion per Motor Sich “. Third, the market is realizing that Ukraine’s relations with the IMF are on a cold pause. Fourth, there is an excess of liquidity of hryvnia that remains in the hands of foreigners and banks, “Andriy Shevchyshyn listed the negative influencing factors.

Just yesterday, the treasurers admitted that speculators are deliberately pushing the dollar higher so that the big players profitably sell the US currency against taxes.

And today this version has been shaken: the bankers are waiting for the dollar to rise in price.

Tomorrow, November 19, they forecast the opening of the interbank market in the range of 28.21-28.25 UAH / $. After that, a further appreciation of the US currency is allowed.

Pfizer didn’t pump the dollar, the euro rose in price

On the world market, the euro continued to rise in price, although it was not as fast as before: from $ 1.1867 / € to $ 1.1870 / € after oscillating between $ 1.1851-1.1881 / €.

The trend of the coin is explained by negative news about the spread of COVID-19 around the world. In the United States, the number of new coronavirus infections per day increased by more than 161 thousand, another 1707 people died. Investors were selling the dollar and were more inclined to buy the euro.

Pfizer and BioNTech today announced that their vaccine has reached a final efficacy of 95%, and Pfizer will submit it for approval to US regulators in the coming days. However, this news did not affect the foreign exchange market. Experts said that markets had previously retrieved messages from pharmaceutical developers.

In Ukraine, the euro cash exchange rates practically did not change, they were fixed at the following levels:

• 33.55-33.70 UAH / € – on sale
• 33.0-33.15 UAH / € – for purchase.

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