What to expect from the currency market in July? / News / Finance.ua



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The exchange rate of hryvnia in July will fluctuate in the range of 26-27 USD per dollar United States .

This forecast was provided by Finance.ua by the Civil Code Analysts FOREX CLUB . According to them, seasonal trends continue to support the hryvnia against a strong weakening, but the speculative sentiment and a change in world prices of agricultural products and metals push the price to a higher price range. The

US dollar is also influenced by the hryvnia. which maintains its position, because of strict monetary policy Federal Reserve . On the other hand, in the trade war between 1945 and 0000, the trading partners of Ukraine are involved and the weakening of the euro, the yuan and other local currencies of Ukrainian importers leads to a decrease in export potential and a decrease in foreign exchange earnings. There has been a decline in grain and metal prices on world markets. "The lack of prospect of obtaining a tranche from the IMF in the current year is speculative in the hryvnia, and an election campaign with liquidity injections, increasing wages and pensions The rise of social norms, under conditions of prudent economic growth, forms an "inflationary canopy" and the risk of devaluation ", – notes Andriy Shevchyshyn, Senior Analyst, GK FOREX CLUB .

Analysts also note that the investment, which came actively to Ukraine early in the year, begins to leave the country (through bonds and sales), creating additional demand for foreign currencies . In particular, in June, the volume of hryvnia OVDPs for non-residents fell from 10.7 billion UAH to 99.9 billion UAH. Despite the high rate, there are no new infusions.

Experts predict that the average selling rate of the euro in cash in July can range from 30 to 31.5 UAH for one euro.

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