The analyst commented on the increase in the exchange rate.
Next week the hryvnia exchange rate to the dollar can be stabilized after weakening because of the news about the resignation of the head of the national Bank of Yakov Smoliy. A lot will depend on who will apply for the position of the new head of the Central Bank.
This was stated by the head of the analytical Department at Eavex Capital Dmytro Churin.
As drew the attention of the expert, the past two days, the growth rate of foreign currencies against the hryvnia was not purely linearly up and with an element of high volatility. This, according to Churin, speaks of the uncertainty of market participants for further courses.
“Accordingly, if next week the authorities will be able to show that it is not encroaching on the independence of the National Bank and among the real candidates for the position of head of the Central Bank of the country will only professionals with an impeccable business reputation, the hryvnia will stabilize”, — said Dmitry Churin.
However, in his opinion, and quite possible negative scenario, when the active purchase of currency connects people. This will lead to additional pressure on the hryvnia.
“In the current economic circumstances, the dollar range of 27.00 — 27,50 hryvnia/dollar next week may be perceived as normal”, — concluded the analyst.