Wednesday , November 20 2019
Home / argentina / The dollar rose 23 cents to $ 39.71 and recorded its second consecutive increase

The dollar rose 23 cents to $ 39.71 and recorded its second consecutive increase



In harmony with Single and Free Exchange Market (MULC), where the currency rises 15 cents to $ 38.75.

In the informal market, for its part, blue It operates stably at $ 39.75, according to this media survey in the Buenos Aires micro caves. Meanwhile, "contad con liqui" bounced yesterday 36 cents to $ 38.46.

Keep in mind that the beginning of closing annual positions is one of the key factors so that the currency yesterday rose strongly in the local market and closed at $ 39.48.

Likewise, in the wholesale segment, the currency rose 62 cents and a half to $ 38.60 ahead of the closing of the annual position.

It also had an impact on the local market, the dollar's rise in the world, which moved away from 20-month lows, despite uncertainty about the paralysis of the United States Government and Federal Reserve monetary policy continued to produce resistance.

During Wednesday's round, BCRA placed Liquidity Letters (& Leliq & # 39;) for $ 119,755 million on nine days and at an average annual rate of 59.36% (on Friday, it had closed at 59.38%) . The maximum level given is 59.85% and the minimum is 58.17%.

Analyst Gustavo Quintana points out that "The beginning of the last week of the month and year suffers from the effects of international instability and the start of compensation and closing operations that must be liquidated next Friday".

He added that "the decline in regional currencies and the euro against the US dollar has some reflection at the local level feeding demand for coverage that has an impact on prices".

On the other hand, the Government collected $ 43,372 million through a tender letter which was adjusted by CER (Lancer) to 56 days and Capital letters in peso (Lecap) to 105 and 182 days, of which it would offer rates that would be capitalized every month to 3 months . 75% and 3.5% respectively.

On the interbank money market telephone money Operated an average of 54%. In exchange for foreign currency, $ 127 million was agreed to take and / or place funds in pesos through the use of dollar purchases on Thursday and Friday.

In the futures market ROFEX, US $ 1,118 million was operated, of which more than 73% was agreed between December and January with final prices of $ 38.70 and $ 40.52 with tariffs of 47.28% and 50.43% TNA, respectively. .

Finally, BCRA's international reserves increased on Wednesday to 6 million to US $ 66,330 million.


Source link