Hryvnia stable, market eyes today's FX auction

Hryvnia stable, market eyes today's FX auction



23 вересня 2014 года
ICU

The FX market was rather calm yesterday as the FX rate marginally changed with the NBU weighted average rate down 0.4% from the previous close. Bloomberg reported the rate at 14.1750/USD, or 1.56% up from Friday's close, on volume of US$214m. Trading was tempered by anticipated news of new NBU regulations released yesterday, as follows: (1) cash purchases of FX by private individuals are limited to a daily equivalent of 3,000 hryvnias (or US$220) and (2) the surrender requirement was lowered from 100% to 75%. The market also was expecting news of another FX auction set for today at which the NBU said it would offer US$200m, a much higher volume than the total of US$44m which was sold at the previous auction held last Thursday.

Источник: ICU

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