USD/KZT at closing of the day - 138.72/80 (indicators)

/IRBIS, Jan.07, 00/ - According to REUTERS, at closing of interbank currency market of Kazakhstan on January 07 tenge quotations towards US dollar equaled 138.72/80 tenge per dollar. Compared to the results of the previous day tenge lost 13 points against US dollar both on demand and supply. In main (morning) session weighted average rate of the dollar with TOD terms equaled 138.72 (+0.13) tenge per dollar and closing quotations - 138.70/71. At closing of additional day session with TOD terms dollar was quoted at 138.71/76 tenge per unit. On the evening trades with TOM and SPT terms dollar was not quoted. Today dynamics of dollar quotations in interbank market showed some growth in the exchange rate of the dollar, which, as usually, was more noticeable on offer quotations. Maximum of spreads were fixed at 20 points close to 4:00PM Almaty time. By closing of the market they went down to 8 points. Based on the results of the poll held by REUTERS today, dealers differ from each other in their opinions regarding further developments on the currency market of the country in near term. Some traders expect "subsidence" of the exchange rate, assuming inflow of exporters' earnings to KASE, while others believe in further firming of the dollar after the holidays. All of them agree on one thing: situation in the currency sector is under the control of the country's head bank, which, in turn, will try to smooth erratic exchange rate fluctuations. After analyzing the current situation and objective market indicators IRBIS analysts agreed that dollar is more likely to continue its growth at KASE trades on Monday.