USD/KZT at closing of the day - 137.91/98 (indicators)

/IRBIS, Dec.15, 99/ - According to REUTERS, at closing of interbank currency market of Kazakhstan on December 15 tenge quotations towards US dollar equaled 137.91/98 tenge per dollar. Compared to the results of the previous day tenge gained 10 points against US dollar on demand and 12 points on supply. In main (morning) session weighted average rate of the dollar with TOD terms equaled 138.05 (-0.03) tenge per dollar and closing quotations - 138.05/08. Additional day session with TOD terms and the evening trades with TOM and SPT terms are not successful yet. Dollar quotations in interbank market indicated a slight firming of the dollar after a sharp fall following the closing of the session, which was more apparent on the demand side. Quotations did not reach closing levels of the Exchange trades. Spreads varied from 2 to 15 points, not indicating on any explicit trend. Results of the poll of the dealers, held by REUTERS today, show that participants of the country's currency market do not expect firming of the dollar in near future. Dealers point out today their clients began to make budgetary payments by year-end and quarter results, which may boost the demand for tenge. In turn, it will stimulate firming of the tenge against the dollar. Dealers also note that banks do not lack dollars and supply of dollars are great in interbank market. Considering the facts mentioned above, further firming of the tenge against US dollar should be expected in Exchange trades on Sunday.