Dollar today: from the Central Bank said they will absorb "surplus liquidity" – 11/27/2018



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After another dollar escalation, Central Bank sources warned entity "will absorb excess liquidity from the financial market".

These sources told Telam that the entity led by Guido Sandleris "will continue to monitor the money market to absorb the excess liquidity that might exist"

However, they consider the market calm and that is reflected in the update of all Leliq maturities without changes at a level of around 61.23%. And they also saw no major problems in the dollar's rise in the past two days

On the other hand, Telam's agency maintains, BCRA assures that during October real sector companies they are net sellers of foreign currencies around US $ 1,400 million.

In that group, the main ones with net offers in historical terms, "oil seeds and grains", has net sales of around US $ 1,300 million, a year-on-year fall of 21% due to drought.

"The difference with net purchases of US $ 2.2 billion in October 2017 was mainly explained by brakes on imports in recent months", said the agency.

On the other hand, "human people", who basically demand foreign currency to hoard and travel abroad, they bought a net of US $ 900 million, "less than half of October 2017".

Source: Télam

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