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Dollar today: falls below $ 38 after the announcement of the US Federal Reserve. – 01/31/2009



The dollar started its the tenth day under the strip non-interference. Within a few hours after the Monetary Policy Committee decides whether to increase and by what amount it is allowed to buy foreign currency – and thereby achieve an increase in demand, introduce more pesos and that the dollar falls with increasing a big drop in the wholesale market from 48 cents to 37 dollars, Gender Exchange Non-interference is $ 37.61.

The central bank went out to buy early. 50 million US dollars were acquired at an average price of 37.08 US dollars, maximum – 37.10 US dollars. Since January 10, when purchases began, 560 million US dollars added to reserves,

Meanwhile in retail market, dollar drops 50 cents to $ 37.90 in Banco NaciónOn Wednesday, the currency closed at $ 38.59, according to average banks. These are values ​​that have not been seen since December 3 last year.

The dollar went the same way as in the rest of the region, where all currencies – from Brazil to Mexico – were overvalued.

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The fall of the dollar in Latin America is due to the declaration of the US Federal Reserve, which decided keep a cautious position regarding the rate increase. The Fed left the key rate unchanged and, moreover, eliminated the mention of a “more gradual increase” in a statement that marked a flexible approach to reducing its bond portfolio and implied that the next move of the rate could even be a court.

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Optimism for emerging markets after the decision of the North American central bank also affects the country risk, which falls by 0.87%, to 683 points. This means that there is a difference of 6.83% between Argentine bonds and US bonds, which are considered the safest. The 10-year US Treasury bonds also fell by 2.67%.


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