The Euro and Dollar Exchange Rate Will Be Determined by One Event: Expert Names Key Date in July

According to hvylya.net: The Director of Financial Markets and Investment Activities at Globus Bank, Taras Lesovoy, predicts that next week the currency market in Ukraine will be stable with minor fluctuations in the dollar rate. As for the euro, he believes that significant changes are unlikely.

The expert thinks that the trend of changing vectors will remain relevant, and the main factor will be the convergence of interbank and cash market rates. The National Bank also plans to conduct currency interventions of 600-700 million dollars each week.

'In the first week of July, the situation with the dollar will not change significantly: fluctuations will be in the range of 41.4-41.9 hryvnias', - predicts Taras Lesovoy.

The expert also points to the potential influence of global events, such as the conflict between Israel and Iran, on energy prices. However, he believes that these conflicts are unlikely to lead to a sharp collapse of the dollar or euro rates.

Forecast for Next Week

Taras Lesovoy believes that the 'corridors' of permissible fluctuations in the dollar and euro rates will remain stable in the near future. The average difference between interbank and cash market rates will be almost zero, and weekly rate fluctuations are expected to be in the range of 1-1.5% from the initial rate of the week.

'The beginning of July will be a logical continuation of June events: exchange rates will not change dramatically and will move within global trends,' - he summarized.

According to the forecast of the Director of Financial Markets and Investment Activities at Globus Bank, Taras Lesovoy, next week the currency market of Ukraine will be stable, with minor fluctuations in the dollar and euro rates. The market is expected to continue the trend of slight changes, and it will be important to monitor the convergence of interbank and cash market rates. The National Bank plans to conduct currency interventions of 600-700 million dollars weekly. The main characteristics of the market will be the 'corridors' of permissible fluctuations in the dollar and euro rates, which are likely to remain stable, with weekly rate fluctuations expected to be in the range of 1-1.5% from the initial rate of the week.