USD/KZT on the day closing - 138.92/98 (indicators)

/IRBIS, Jan.11, 00/ - According to REUTERS, at closing of the interbank currency market of Kazakhstan on January 11 tenge quotations towards US dollar equaled 138.92/98 tenge per dollar. Compared to the results of the previous day tenge gained 8 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 138.96 (+0.06) tenge per dollar and closing quotations of 138.91/92. Dollar quotations at closing of additional day session under the TOD accounts (3:00 p.m. Almaty time) have made 138.95/139.00 tenge for dollar. There were no dollar quotation on the evening trades under the TOM and SPT accounts. In contrast to the previous days, today's dollar quotations in the interbank market were rather stable. Moreover, concerning the previous day closing tenge has increased. There is an impression that the market calms down and the demand, accumulated during the holidays, is close to satisfaction. Tactics of the National Bank on today's KASE trades testifies to desire of the Bank to achieve excess of the Exchange's dollar rate above rate of the interbank market. In this case of banks' customers (first of all exporters) will be interested in dollar selling on the Exchange, that should stabilize tenge rate. Judge by the interbank market after Exchange's trades, the National Bank's maneuver has certain success. The spreads not exceeded 8 points, at minimum of 2 points in the last trade hours. The dealers evaluate a situation adequately, there are no special uncertainty in their behavior. Proceeding from the of market indicators analysis, it is possible to assume, that the dollar strengthening on KASE will proceed on Wednesday, but at the low growth rate. In comparison with the previous day the chances of dollar rise have decreased. At forecasting of the Wednesday's market it is necessary to remember that the National Bank has nominated on Wednesday and Thursday placement of the short-term notes, obviously intending "to sterilize" the banks correspondent accounts. It is even possible that at these placement the emitter will increase the notes yield attracting means from the currency sectors of the market.