Business news from Ukraine

The dollar is getting cheaper against the euro, the yen and the pound sterling in trading on Thursday before the release of inflation data for December in the United States.
The ICE-calculated index showing the dollar’s dynamics against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona) lost 0.15% in trading, while the broader WSJ Dollar Index lost 0.22%.
The euro/dollar pair is trading at $1.0775, compared to $1.0757 at the close of the previous session, as of 7:40 a.m. Ksk.
The U.S. currency pair with the yen dropped to 131.47 yen, compared to 132.49 yen in previous trading.
The exchange rate of the pound to the dollar rose to $1.2167 against $1.2149 the day before.
Thursday traders’ attention was fixed on the report of the U.S. Department of Labor on the last month’s dynamics of consumer prices in the country. The consensus forecast from experts polled by Trading Economics suggests that inflation in the U.S. slowed to 6.5% in December from 7.1% in November. The data will be released at 4:30 p.m. Moscow time.
Signals of weakening consumer price growth in the U.S. speak in favor of a further slowdown in the Federal Reserve’s (Fed’s) tightening of monetary policy.
Meanwhile, U.S. central bankers aren’t in a hurry to abandon their hawkish stance: earlier this week, Mary Daley, president of the Federal Reserve Bank (Fed) of San Francisco, said in an interview with The Wall Street Journal that she thinks the Fed will have to raise the rate above 5% to achieve its inflation target.
Her colleague at the Atlanta Fed, Rafael Bostic, also confirmed his earlier opinion that the rate would be raised above 5%. Currently, its range is 4.25-4.5%.
The dollar/yuan pair exchange rate fell to 6.7565 yuan on Thursday against 6.7705 yuan at the close of the previous session.
China’s inflation accelerated to 1.8% year on year in December from 1.6% in November following a rise in food prices.

The U.S. dollar is declining against the euro and the Japanese yen and is rising against the pound sterling in trading on Tuesday.
The ICE-calculated index, which shows the dollar’s movement against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), is up 0.17% in trading, while the broader WSJ Dollar Index is losing 0.05%.
The euro/dollar pair is trading at $1.0743 as of 7:34 a.m. Ksk on Tuesday, up from $1.0735 at the close of the previous session.
The U.S. currency pair with the yen dropped to 131.74 yen, compared to 131.89 yen in previous trading.
Pound to dollar exchange rate fell to $1.2173 against $1.2185 on Monday.
Investors are inclined to believe that the U.S. Federal Reserve (Fed) may be close to completing its tightening of monetary policy, despite hawkish statements from the regulator’s management.
Mary Daley, head of the Federal Reserve Bank (Fed) of San Francisco, said she believes the U.S. central bank will have to raise the rate above 5% to fight inflation.
Her colleague at the Atlanta Fed, Rafael Bostic, also confirmed his earlier opinion that the rate would be raised to more than 5%. Currently, its range is 4.25-4.5%.
Meanwhile, the easing of anti-coronaval restrictions in China is spurring demand for risky assets.
The Chinese yuan is up 0.1% at 6.7640 yuan/$1 from 6.7725 yuan/$1 the day before.
The ICE-calculated index showing the dollar’s dynamics against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona) is up 0.17% in trading, while the broader WSJ Dollar Index is losing 0.05%.
The euro/dollar pair is trading at $1.0743 as of 7:34 a.m. Ksk on Tuesday, up from $1.0735 at the close of the previous session.
The U.S. currency pair with the yen dropped to 131.74 yen, compared to 131.89 yen in previous trading.
Pound to dollar exchange rate fell to $1.2173 against $1.2185 on Monday.
Investors are inclined to believe that the U.S. Federal Reserve (Fed) may be close to completing its tightening of monetary policy, despite hawkish statements from the regulator’s management.
Mary Daley, head of the Federal Reserve Bank (Fed) of San Francisco, said she believes the U.S. central bank will have to raise the rate above 5% to fight inflation.
Her colleague at the Atlanta Fed, Rafael Bostic, also confirmed his earlier opinion that the rate would be raised to more than 5%. Currently, its range is 4.25-4.5%.
Meanwhile, the easing of anti-coronaval restrictions in China is spurring demand for risky assets.
The Chinese yuan is up 0.1% at 6.7640 yuan/$1 from 6.7725 yuan/$1 the day before.

The ICE-calculated index showing the dollar’s dynamics against six currencies (euro, Swiss franc, yen, Canadian dollar, pound and Swedish krone) is losing 0.03% in trading, while the broader WSJ Dollar Index – 0.24%.
Traders are waiting for the publication of the minutes of the Federal Reserve’s (Fed) December meeting, expecting to see signals in it that the U.S. central bank is ready to soften plans to further raise the benchmark interest rate amid weakening global economic activity, Market Watch notes.
The Fed raised the rate by 50 basis points (bps) to 4.25-4.5% per annum in December, while at the previous four meetings it had increased by 75 bps. At the same time, Fed Chairman Jerome Powell said that the U.S. Central Bank will raise the rate until it reaches its inflation targets.
“While the Fed plans to keep rates high longer than previously expected, markets continue to resist, still expecting policy easing,” High-Frequency Economics experts Rubila Farooqui and John Sylvia said in a review. – We don’t expect the Fed to move to a rate cut this year.”
The minutes of the Fed’s December meeting will be released Wednesday at 9:00 p.m. Q.
As of 8:05 a.m. QE Wednesday, the euro/dollar pair is trading at $1.0573, up from $1.0550 at the close of the previous session. The pound/dollar exchange rate is at $1.1986 against $1.1967 the day before.
The U.S. currency pair with the yen dropped to 130.8 yen from 131.01 yen during the previous trading session.
The dollar-yuan exchange rate declined during trading to 6.8919 yuan against 6.9151 yuan the day before.

The U.S. dollar is weak against the euro in trading on Friday, stable against the pound and getting cheaper against the yen.
The calculated ICE index, which shows the dollar’s movement against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), is adding 0.14% in trading, while the broader WSJ Dollar Index is stable.
The ICE Dollar Index, which rose in September to its highest level in 20 years, has since declined 10%. Nevertheless, the index ends 2022 up more than 8%.
As of 8:05 a.m. Ksk on Friday, the euro/dollar pair was trading at $1.0650 compared to $1.0664 at the close of the previous session. The exchange rate of the pound to the dollar is $1.2050 against $1.2055 the day before.
The value of the U.S. currency in a pair with the yen dropped to 132.55 yen, compared to 133.03 yen in previous trading.
The Bank of Japan continues unscheduled redemption of government bonds on Friday for the third consecutive day in an effort to curb the growth of bond yields, Bloomberg reported. This month the volume of redemption of government bonds by the Japanese Central Bank has reached a record level of 17 trillion yen ($128 billion).
The Bank of Japan unexpectedly expanded the boundaries of the corridor of permissible fluctuations in yields of ten-year government bonds at the December meeting that was perceived by the market as a step towards easing its policy.
“We believe that the Japanese Central Bank is experiencing difficulties with its policy of yield control and in the end it will have to abandon it – this is a key factor in strengthening the yen,” notes Rodrigo Catherill, a currency market analyst at National Australia Bank Ltd. in Sydney.
The expert expects the dollar to yen to 120 yen in 2023.