The euro exchange rate in May, may rise to 12.40 USD - analysts

The euro remains growth potential in the global market within the range 1,4630-1,5110 dollar / euro. The course of euro cash in Ukraine, in May could get close to the level of UAH 12,10-12,40. With such a forecast made by experts X-Trade Brokers Ukraine Analysts of the company, after the April decision by the European Central Bank's raising interest rates by 0.25% to 1.25%, a confident appreciation of the euro against the U.S. dollar. In what is expected to continue the policy of the ECB raising rates and the rising cost of a single currency. According to forecasts, the dollar's value in exchange will fluctuate in a range 7,96-7,99 grn. "Strengthening of the dollar can be expected in the second half of this year, when the U.S. Fed is likely to go on raising interest rates. In Ukraine, the National Bank declares and pursues a policy of liberalizing the currency market, carrying out a memorandum with the IMF. Introduced an instrument to limit foreign exchange risks, which will increase in the long term interest in investing in local and issued in national currency assets ", - said Vladimir Oleksyuk, expert analytical department of the X-Trade Brokers Ukraine.