Anomaly in the Cash Market: Is It Worth Buying Dollars Now.

According to financial expert Oleksiy Kozyrev, the situation in the global currency market is becoming increasingly tense due to trade wars initiated by Donald Trump, which could lead to a global economic recession. These wars are affecting the euro-dollar exchange rate and the exchange rate of the Ukrainian hryvnia.

The U.S. President is also demanding that Europe purchase American energy supplies to avoid new tariffs on European goods. All these actions are causing instability in the global financial markets.

In the Ukrainian currency market, the euro-dollar exchange rate is expected to fluctuate between 1.093 and 1.113 dollars per euro, while the cash dollar exchange rate will vary in the range of 41.05-41.65 UAH, and the euro - 44.86-46.35 UAH.

The increase in Ukraine's gold and foreign exchange reserves to 42.4 billion dollars as of April 1 is a positive factor for the hryvnia. This allows the National Bank to effectively intervene in the currency market and support the hryvnia exchange rate.

According to forecasts, the National Bank of Ukraine may raise the discount rate from 15.5% to 16-16.5% per annum considering the inflation growth to 13.4%. This will support the national currency.

In the cash market, a spread of 20 to 25 kopecks for the dollar and 20 to 40 kopecks for the euro is expected. The buying and selling rates for cash dollars in banks are forecasted to be at the level of 40.70-41.80 UAH, while in exchange offices - 40.90-41.70 UAH.

The situation in the global currency market is complex due to the trade wars provoked by Donald Trump. However, the increase in Ukraine's gold and foreign exchange reserves and the possible increase in the discount rate may help support the stability of the Ukrainian hryvnia.