KZT/USD at closing - 135.20/60 (indicators)

/IRBIS, Sep.09, 99/ - According to REUTERS at closing of the Kazakhstan over-the-counter exchange market were fixed the next rates KZT per USD: 135.20/60 at weighted average exchange rate of 135.68 (+0.55) and closing quotations of 135.41/45. In comparison with closing of the previous day tenge quotations increased against dollar by 10 points - on demand by 70 points on supply. The spreads of the quotations varied after dinner from 20 to 40 points at the average of 30 which is essentially less than yesterday's. The overnight rates have decreased from 11% to 2% on demand and from 19% to 10% on supply. Emitter have managed to place two issues of the note with of the 35 and 14 days circulation, despite of complex situation and investors' pressure. Yield in the sectors of notes placement is still below than yield in the currency sector (week's - 133.3%, month's - 36.2%), that prevents the National Bank to attract the investors money by the state securities placement. The forecast of IRBIS for Friday is based on the study of the previous Kazakhstan's dollar jumps and also on the current indicators. The most probable behavior of the largest banks of the second tier on trades KASE tomorrow - fixing of the exchange gain through dollar sale. It is possible, that the head bank of country will control the situation with the purpose to return money in the sector of its bonds circulation. At that, and other will work for the tenge strengthening, which tomorrow is rather probable. At the same time it is necessary to note, that devaluation expectation of the participants remain high. The major factors which have forced the market to go upwards, are still to be. Therefore after the short-term delay, dollar most likely, will continue the strengthening, but slower, than it was in the current week.