Monday , June 17 2019
Home / argentina / The dollar drops 13 cents to $ 39.50 and records second losses in a row

The dollar drops 13 cents to $ 39.50 and records second losses in a row



IN Simple and Free Stock Market (MULC)where the fall of the currency loses 15 cents $ 38.40,

On the informal market, on his side, a blue opera house $ 38.50, according to a survey of this media in caves in downtown Buenos Aires. "Cash settling" fell 13 cents yesterday to $ 38.59.

It should be remembered that, according to the region yesterday, it fell down by 31 cents and cut off five increases in a row.

This was in line with the wholesale segment, where the currency dropped 50 cents to $ 38.55 after reaching a peak of $ 39.11 at the start of the round.

Such an exchange market was accompanied by the development of Brazil, where the North American currency depreciated by 1.6% and Mexico, where it reached 0.7%.

The central bank has injected 140,075 million dollars into Leliq accounts with an average yield of 61.25% a year, which means the first increase (albeit mild) after fifteen bids. The maximum value given in eight-digit letters was 61.691%.

Fernando Izzo, analyst at ABC Mercado de Cambios, highlighted this "If we consider this offer, we warn that bank investment in this bond rose 49% more than it was due, that is, $ 46.140 million, although that rate kept a little higher" "If we consider this offer, we warn that bank investment in this bond rose 49% more than it was due, that is, $ 46.140 million, although that rate kept a little higher"

He added that "he calculated that these pesos that were invested in Leliqua would remain in the circuit, certainly the price would not fall from $ 39".

Also, The Treasury offered treasury bills in pesos and dollars (maturing 193 and 116 days), as well as BOTE, at a fixed rate, as of November 21, 2020,

Market change this week is limited as a result of the G20 summit, which brings together leading world leaders and will be held from Friday to Saturday in downtown Buenos Aires.

In this sense, the central bank has confirmed dominio.com that it will be the sole and free stock market (MULC) to operate on Thursday in the 13th, while on Friday, public attention will not be paid to banks.

Other money markets

On the money market between banks "Call money" It was operated on an average of 60%. Under exchange swaps, it was agreed that $ 163 million would be raised and / or placed in the pesos by buying a dollar for Wednesday and Thursday.

On the futures market ROFEXThere was negotiated USD 1,725 ​​million, of which over 70% was agreed between November and December, with the final prices being 39 and 40,465 dollars; and 71% and 53.33% TNA.

Finally, the central bank's reserves fell to $ 147 million on Tuesday, closing at $ 51,438 million.


Source link