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

The dollar traded with a sharp decline, on the day when the operation will only be extended from 10 to 13 and will-in practice- last day of the week. Whether on Friday there will be no market and the bank will not serve the public.

At the National Bank, the dollar goes public fell 70 cents to $ 38.70 and also retreats at several private banks for the third day in a row. On average, it was quoted at $ 38.83, according to a Central Bank survey.

Meanwhile, in the wholesale market, where banks and companies operate, fell 66 cents to $ 37.79. Thus, the peso follows the currency trend of the rest of the region. The dollar fell in all countries, including Brazil, 0.50% on average.

After the trigger that the currency suffered last Monday, as a result of the peso released from the last Lebac tender, the Central Bank decided to contract a monetary base through more weight absorption in Leliq's daily tender. They are weekly titles specifically designed for banks. The entity also increases the level of this instrument slightly, which has fallen every day. On Wednesday it closed at 61.20%.

On Wednesday, the Ministry of Finance also auctioned letters in dollars. This puts US $ 833 million at the level of 4.75%. He also issued a cape in the peso for $ 13,245 million, with a rate of 53.49% and extending the placement of BOTE 2020 by $ 7.861 million, with a semi-annual performance of 26.56%.

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