Dollar today: Quote with a strong decline and return to $ 38.70 – 11/29/2018

The dollar trades with a sharp downturn on the day when the operations will only range from 10 to 13 and will – in practice – the last day of the weekIt's on Friday there will be no markets and banks will not serve the public.

In the National Bank, the dollar to the public will drop by 70 cents to $ 38.70 and in the third consecutive days will retreat to several private banks. On average, according to a central bank survey, it is at $ 38.83.

Meanwhile, in the wholesale market, where banks and companies operate, will drop by 66 cents to $ 37.79. The Peso follows the currency trend of the rest of the region. The dollar is down by an average of 0.50% in all countries, including Brazil.

After the currency bubble triggered Monday, as a result of the pesos released from Lebac's latest tender, the central bank decided to close the currency base by absorb more weights in their daily Leliq offers. These are weekly titles that are designed especially for banks. The entity also increased the rate of these instruments, which declined daily. On Wednesday it reached 61.20%.

On Wednesday, the Treasury also wrote letters in US dollars. It placed $ 833 million at 4.75%. He also published capitalizable letters (Lecap) in a peso for $ 13.245 million at a 53.49% rate and extended BOTE 2020 to $ 7,861 million and a half-year performance of 26.56%.

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