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Home / argentina / Dollar, free fall: gave way to the third day in a row | Chronicle

Dollar, free fall: gave way to the third day in a row | Chronicle

The retail dollar closed the week at $ 38.80 per unit, which represented a 1.84% decline compared to yesterday and a 4.9% increase in relation to the value of the closing of the last round of last October. .

At the wholesale level, for its part, Thursday it was at $ 37.72, with a 1.92% decrease compared to the previous day while the US currency rose 4.92% in the segment throughout the month.

Because of the restrictions imposed on security by the G20 Summit, today's operations are reduced – almost 3 hours – and the volume traded on the cash market exceeds 305 million dollars.

In the foreign exchange market, supply re-applies with unrelenting foreign currency flows from banks, exporters and investors.

This allows the Central Bank to absorb a large amount of peso – from around $ 40.905 million – and to determine a new decline in the Leliqs interest rate, averaging 60.405%.

"Wholesale dollars in the single and free exchange markets (MULC) in the first hour of operation fell by more than 80 cents because of the entry of foreign currencies by banks, exporters and investors, who found an echo on the part of demand, because operators prioritized placing pesos according to various menus assets and different periods, with high fixed rates ", said ABC Mercado de Cambios in his daily report.

Finally, on the business futures market, Rofex has finished for US $ 822 million.

The majority, 65% of the total, are in contracts with maturities in late November and December, with final prices at $ 37.97 and $ 39.26 respectively.

Various tranches marked losses of more than $ 1 in the quote, accompanying verified regression on the cash market.

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