Analysts give the pessimistic assessment of the prospects of hryvnia

Increased optimism in the markets, seen in the past few weeks has led to investors become more interested in investments in risky assets that, in particular, has supported some improvement in the dynamics of a number of Eastern European currencies. For example, part of the lost positions previously been able to restore Russian Ruble, felt the positive impact of improvements in commodity markets. Ukrainian hryvnia, meanwhile, also felt the pressure easing, but the lack of ease is largely a result of a ban on the sale of lower rates set by the NBU daily, as well as the prohibition of trade in national currency for future delivery. Commerzbank currency strategists note that the news that the eighth of May the IMF agreed to provide Ukraine the second tranche of the loan in the amount of $ 2.8 billion, looked positive for the hryvnia, but it is worth noting that attempts to increase the national currency continued to attract the interest of vendors, and ongoing deterioration in sentiment in the markets suggests the possibility of increased pressure on her. At Commerzbank are reminded that the IMF has insisted that Ukraine permit more flexible and the free exchange rate, and suggest that the growth of hryvnia in the last couple of days can be attributed to the actions of the NBU. Currency strategists Bank believes that the current monetary policy of Ukraine is a very dangerous game, and see the risks of resumption of the fall of the currency and its ease to eleven per cent in a couple of the dollar against the backdrop of pressure from the IMF. Meanwhile, a similar point of view, analysts have many other leading banks. For example, the Royal Bank of Scotland expect to see reduction hryvnia to the dollar to a mark of 8.40 by the end of September and to 8.60 by year-end, whereas in SEB are counting on the movement of the dollar / hryvnia (approx. forexpf.ru: currently around 7.69) to 9.00 and 9.50 respectively, while BNP Paribas forecast growth of a pair of 9.84 by the end of September, hoping for the correction to 9.44 by the end of December.