15 October 2014 Market Reviews

Daily Insight

Liquidity recovers; Auction results

Banking sector liquidity significantly recovered yesterday, more as a result of new injections from the NBU than on domestic QE support. Banks' correspondent accounts with the NBU rose just UAH0.06bn ...

ICUDailyInsight-20141015.pdf  (675.9kb)

14 October 2014 Market Reviews

Daily Insight

Liquidity up slightly

After falling significantly last week, banking sector liquidity slightly recovered yesterday as last Friday's deals were accounted in today’s NBU statistics. Banks' correspondent accounts with the NBU ...

ICUDailyInsight-20141014.pdf  (763.6kb)

13 October 2014 Market Reviews

Daily Insight

Additional primary auctions

The MoF amended its schedule last week and held an additional auction last Friday. The MoF the offered 5-year bond, which is routinely offered when supported by domestic QE, and sold UAH1.60bn of thes ...

ICUDailyInsight-20141013.pdf  (675.1kb)

10 October 2014 Market Reviews

Daily Insight

Liquidity down; Eurobond YTMs volatile

While banks' correspondent accounts with the NBU increased UAH1.00bn to UAH31.56bn yesterday, total CDs outstanding declined UAH0.67bn to UAH13.42bn and total local currency debt repayments scheduled ...

ICUDailyInsight-20141010.pdf  (685.6kb)

9 October 2014 Market Reviews

Daily Insight

UAH down in trade-weighted terms

The hryvnia again held steady at 12.95/USD yesterday on US$145.64m in trading. As the elections approach, the rate is likely to remain unchanged. Although it still remains unknown when the currency wi ...

ICUDailyInsight-20141009.pdf  (689.3kb)

8 October 2014 Market Reviews

Daily Insight

IMF's Ukraine data look irrelevant

In its semiannual report published yesterday, World Economic Outlook for 2H14, the IMF revised downward its forecast for the pace of global growth. As far as Ukraine is concerned, the IMF's real growt ...

ICUDailyInsight-20141008.pdf  (692.4kb)

7 October 2014 Market Reviews

Daily Insight

UAH remains stable amid poor inflation report

The hryvnia continued to hold steady at 12.95/USD as the NBU reported that it would schedule more FX auctions this week to fulfill the high demand for hard currency. With elections scheduled in less t ...

ICUDailyInsight-20141007.pdf  (668.9kb)

6 October 2014 Market Reviews

Daily Insight

Hryvnia stable, external environment challenging

The hryvnia maintained its 12.95/USD level on US$174m in trading last Friday, in accordance with authorities' demands. The NBU reported weighted average rate was 12.9405/USD. However, the US jobs rep ...

ICUDailyInsight-20141006.pdf  (665.9kb)