Ukraine’s central bank offers to buy dollars for the first time this year at 7.98 hryvnias

25 Responses to “Ukraine’s central bank offers to buy dollars for the first time this year at 7.98 hryvnias”

1. lilac on November 26th, 2009 11:52 GMT
   

   How the ‘eck d’you pronounce that?!
2. Tajul Akbar Bin Ismail on November 26th, 2009 11:55 GMT
   

   Hmmm … support for dollar
3. Tajul Akbar Bin Ismail on November 26th, 2009 11:56 GMT
   

   riv-ni-as … i think
4. speki on November 26th, 2009 12:04 GMT
   

   http://en.wikipedia.org/wiki/Hryvnia

   it’s there.
5. ISCA on November 26th, 2009 12:06 GMT
   

   They should all be at it, Gerry! Because the short dollar/long everything else trade is distorting everything—-euro, yen, stocks, gold, BRL, RBL, hrivnias, slavnias, scandinavias, asiaticas, younameits, and it isn’t good for these economies or the world one….very dangerous….look at Dubai. Wouldn’t look at it myself…sort of place Beckham likes
6. Tajul Akbar Bin Ismail on November 26th, 2009 12:09 GMT
   

   thanks speki
7. fisherman on November 26th, 2009 12:10 GMT
   

   check UCAD (sorry for offtopic – don’t know where to post) – somebody has a cap on it around 1.0545
8. Tajul Akbar Bin Ismail on November 26th, 2009 12:12 GMT
   

   Short EURUSD @ 1.5070 T/P 1.5055 .. go Ukraine go
9. Gerry Davies on November 26th, 2009 12:20 GMT
   

   Tajul the Ukraine news isn’t USD bullish
10. Tajul Akbar Bin Ismail on November 26th, 2009 12:24 GMT
    

    I know … just having fun
11. ALI on November 26th, 2009 12:26 GMT
    

    Gerry – can you explain the mechanism little if you have spare time (if don’ t no matter) ; thanks from now…
12. Tajul Akbar Bin Ismail on November 26th, 2009 12:28 GMT
    

    Had to zero close it … another time
13. ISCA on November 26th, 2009 12:35 GMT
    

    No, it is dollar bullish. Countries are starting to react to excessive dollar weakness/local currency strength. That is a support for the dollar. So, too, is rising risk.
14. cheg on November 26th, 2009 12:37 GMT
    

    I m hearing that if greeks bonds are further downgraded they won’t be elligible as collateral to get funding at the ECB..?? Is that true ?
    Can’t be euro supportive? Gerry did u hear anytg pls?
15. ALI on November 26th, 2009 12:39 GMT
    

    “Gerry Effect” moving the markets; sometimes happens…
16. Adje on November 26th, 2009 12:46 GMT
    

    Don’t worry. It’s EUR/JPY that puts the pressure on EUR/USD for now.
    EUR/JPY will find some support soon around 129.90 area.
17. cheg on November 26th, 2009 12:46 GMT
    

    hearing SNB in usd/chf again…..?
18. fisherman on November 26th, 2009 12:47 GMT
    

    adje, mind you, if your support is broken there’s thin air below. ej might need a safety chute.
19. Gerry Davies on November 26th, 2009 12:48 GMT
    

    as i mentioned earlier cheg they were there all the time lurking just below 1.0000
20. ALI on November 26th, 2009 12:53 GMT
    

    Thanks all..there is 50 day MA @ 1.5037 for EUR/USD…I’m done, glad that, luckily positive operation today…See you all ladies & gentlemen; good profits.
21. Gerry Davies on November 26th, 2009 12:54 GMT
    

    i totally disagree on first part ISCA. Agree on second part. today is all about dubai worry, rising risk. intervention by various countries to buy dollars, sell there own currencies results with a portion of those dollars being turned into euros, therefore support eur/usd. (whatever anyone may think)
22. ISCA on November 26th, 2009 13:01 GMT
    

    Part of dollar purchases may be used to buy euros, yes, but the degree to which that happens isn’t certain. What is clear is that if countries are buying dollars to weaken their currencies it may add to the risk aversion flow into the dollar.
23. cheg on November 26th, 2009 13:04 GMT
    

    Conversation into euro or not if everyone think it’s the case that does the trick.
24. Gerry Davies on November 26th, 2009 13:09 GMT
    

    i guess that’s what makes a market, differing opinions.
25. Adje on November 26th, 2009 13:54 GMT
    

    yeh fisherman. 128.51 area