Wednesday , June 26 2019
Home / argentina / Dollar today: the wholesale currency is almost one peso below the floor and the central bank uses "financial summer" to cut rates

Dollar today: the wholesale currency is almost one peso below the floor and the central bank uses "financial summer" to cut rates



Wholesale dollar On Thursday morning he dropped by 61 cents and was placed 96 under the floor of the fleet the last day of January. The central bank (BCRA) could use the "financial summer" to add more dollars after buying $ 510 million in the month of pesos as a counterpart.

In this manner, wholesale dollar dropped to $ 36.90, ie almost peso under reference number 37.86 USD the flotation band set by the currency unit in October to try to control market volatility after last year's exchange rate.

IN retail market, meanwhile, The National Bank (BNA) offered Wednesday $ 38.40 for sale and $ 36.60 per purchase, while other entities, based on the BCRA average, were $ 38.58 and $ 36.63 respectively. In the first minutes on Thursday it dropped by 30 cents.

On Wednesday, the Federal Reserve of the United States of America (Fed) provided more local localized dollar scenarios in order not to change its reference interest rates. Increasing the rate – in the context of the gradual increase of these revenues – reduces the appetite of investors in emerging markets.

In this context, the central bank continued on Wednesday with the gradual reduction of the reference interest rate in Leliq's negotiation with banks below 55% on average 54,889 percentOn the other hand, she got another $ 20 million.

Updates that are being updated.


Source link